255-257 Wimbledon Park Road, Southfields, London SW19 6NW

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255-257 Wimbledon Park Road, Southfields, London SW19 6NW

Investment 807 Sq ft For Sale £525,000 (no VAT)

Location

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.

Description

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.

Accommodation  

  Sq Ft Sq M
Ground Floor 558 51.83
Basement 249 23.10
Total 807 74.93

Tenure

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 £ 4 ,500 p.a. for the advertising hoarding on the flank elevation.

Price

£525,000 (No VAT)

Legal Costs

Each party to bear their own legal costs incurred in the transaction

Viewing

Strictly by appointment with the sole agents

Alex  Bellion

Alex Bellion
Director
07971 756068
alex@owenisherwood.com

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