We are delighted to offer this freehold, mixed use, Class E, standalone reversionary investment in “Iconic Wimbledon Village”, with development potential for luxury residential, subject to Prior Approval/planning. It is the first time it has been offered for sale in over 30 years.
The property comprises a four-storey building of frame construction with cavity brick faced elevations with single glazed aluminium framed windows under a tiled mansard roof. The ground floor comprises a retail/estate agents office with full height glass shop front to the High Street, kitchen and storage. There is a dedicated ground floor entrance serving the office floors with a four-person passenger lift from ground to second floors. The floors are carpeted with surface mounted light fittings and perimeter trunking and are divided to form a mix of open plan and cellular offices.
Location
The property occupies an excellent central location on the High Street close to its junction with Church Road and The Dog and Fox Hotel. The area boasts an eclectic mix of shops, restaurants, cafes. Megan’s, Joe the Juice, Farrow and Ball, Paul’s, Gails, Sweaty Betty, The Ivy Café, Giggling Squid, Café Nero, along with high quality residential, schools, leisure (All England Lawn Tennis Club) and the rolling acres of Wimbledon Common. It is well served by public transport, with Wimbledon Mainline (London Waterloo 16 mins) and London Underground stations being within easy reach. Road communications are excellent with access to A3 and the M25 (J10) to Heathrow and Gatwick.
Accommodation
Ground Floor Sales 970 sq ft (90.20 sq m)
Kitchen/Staff
External Store 24 sq ft (2.23 sq m)
Entrance lobby 116 sq ft (10.79 sq m) 1,110 sq ft (103.23 sq m)
First 1,454 sq ft (135.22m sq m) 1,454 sq ft (135.22 sq m)
Second Office/store 1,461 sq ft (135.87 sq m) 1,461 sq ft (135.87 sq m)
Third Office/store 847 sq ft (78.77 sq m) 874 sq ft (81.28 sq m)
Total 4,899 sq ft (455.60 sq m)
Ceiling Heights 2.46m (8.1ft) and 2.52m (8.3ft) All measurement approx.
Terms
LEASE - The property is held under a Full Repairing and Insuring lease dated 4th March 2025 for a term of 5 years from 23 January 2025 expiring on 22 January 2030 without break at a rent of £150,000 per annum. The lease is granted within the L+T Act 1954 and was assigned to Dexters London Ltd. Alienation provisions allow assignment or subletting of the whole or letting of individual floors.
TENANT - Dexters London Ltd (Company No. 04160511). September 2024, total revues were up by 23% to £222m and average annual growth was 15% for the past 10 years. They offer a quality covenant with a 180-branch network throughout London. They operate as, Marsh and Parsons from this property.
Purchasers should make their own enquiries regarding the covenant strength of the tenant.
PRICE/PROPOSAL - On Application.
For Sale. The building and land for a bin store.
The car park and adjacent land offer a future development opportunity. This will be retained by the vendor. The asset is held in an offshore company that may be sold.
VAT - VAT will be charged.
LEGAL COSTS - Each party is to pay own legal costs in this matter
EPC - Energy Performance Certificate C 65
ANTI-MONEY LAUNDERING - A buyer will be required to comply with legislation relating to Anti Money Laundering.
TOWN PLANNING - Wimbledon Village Conservation Area, Use Class E. In 2014 Prior Approval for change of use of existing office space (Class B1) to residential (Class C3) creating 5 x 1 bed flats was granted 14/P3076. The opportunity exists to re-instate this consent. Purchasers should make their own enquiries of London Borough of Merton.
MECHANICAL AND ELECTRICAL - We have not tested any of mechanical or electrical services installed within the building and cannot therefore warrant the equipment. A buyer should make their own enquiries regarding all equipment installed.
Specification
INVESTMENT SUMMARY
- Wimbledon Village is recognised as the No 1 High Street in UK. (FT – 2025)
- Affluent suburb of SW London with excellent transport links to Central London
- London Borough of Merton – population – 2024 - 218,539
- The All-England Tennis Championships in 2025 had attendance - 548,770
- Four storey Class E/Mixed Use Reversionary Investment
- Prime Village location - 4,899 ft2 (455.60m2)
- Passing Rent: £150,000 pax – Reversionary value – circa - £210,000/215,000 pax
- Development Opportunity subject to Prior Approval/Planning Permission
- Freehold
- Quality Single Let Covenant
- Luxury Residential Opportunity - STPP
- Subject to Contract
AMENITIES
- Prime Location/Trading Position
- Long Frontage to High Street
- Male and Female WC’s
- Kitchen/s
- Rear Service Area/Bin Store
- Central Heating
- Comfort Cooling (Tenant Improvement)
- Mains Gas
- Electrics
- Water