The subject property is located on Wimbledon Park Road, near to the cross -roads with Augustus Road, close to Southfields tube station in southwest London. It is situated in a prominent local retail location with food and drink operators like Franco Manca , Greggs and Café Nero close - by. Southfields is a residential area of southwest London which lies between Putney to the north and Wimbledon to the south. It is a desirable and affluent area, with a large catchment for retailers and food operators. Southfields station provides District Line services into Croydon and West London.
The premises are formed of a ground floor retail unit, along with basement, let to Hunnu Sushi Ltd. There is a flat over first and second floors (known at 257A) which has been sold off on a long leasehold interest.
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The ground floor retail premises is let on a 10 year lease dated 24th April 2018 with a passing rent of £31 ,000 p.a.
The long leasehold flat is held on a 99 year lease from 1980 (57 years unexpired) with a Ground Rent payable of £100 p.a.
There is an annual advertising Licence in place with Hallmark producing £5,061.89 p.a. for the advertising hoarding on the flank elevation.
£525,000 (No VAT)
Each party to bear their own legal costs incurred in the transaction
Strictly by appointment with the sole agents