Under Offer

High Street Retail Property for sale

387 Durnsford Road, 387 Durnsford Road, Wimbledon Park, Wimbledon SW19


£175,000
530 ft²

Features

  • Excellent location
  • Freehold
  • Gf retail premises rental income
  • Investment opportunity
  • Popular residential and commercial area
  • Residential ground rents
  • Tenancy schedule available upon request

Description

The property is situated in a busy parade on Durnsford Road close to its junction with Gordondale Road in Wimbledon Park servicing the immediate surrounding area, other retailers include Sainsburys, a local Pharmacy, a number of fast food restaurants along with Lupo Bros a much loved Coffee Shop.

The area has a mixture of residential properties along with schools and other amenities. Public transport to the area is via Underground (District Line) at Wimbledon Park and a fast rail connection to Waterloo from Earlsfield Station, both within walking distance of the parade.

The property is a mid-terrace three storey building comprising a ground floor retail unit with residential upper parts.

The upper parts comprise three, two bedroom flats along with a 1 bedroom property to the rear of the retail unit all having been sold on 125 years leases.

Tenancy details as per below (tenancy schedule available upon request).

Ground Floor retail premises:

A lease for a term of 5 years from 1st January 2017 subject to review as of 1st January 2020.

Current Rental : £7,500 per annum exclusive.

Estimated Rental Value : Circa £ 10,000 per annum.

Residential premises:

First Floor flat:
A lease for a term of 125 year lease from 1st January 2017.
Current Ground Rent : £300.00 pa.

Second Floor flat:
A lease for a term of 125 year lease from1st January 2017.
Current Ground Rent: £300.00 pa.

Third Floor flat:
A lease for a term of 125 year lease from 1st January 2017.
Current Ground Rent : £300.00 pa.

Garden flat:
A lease for a term of 125 year lease from 1st January 2017.
Current Ground Rent : £300.00 pa.

All Ground rents subject to 25 yearly increases.

Categories

High Street Retail Property
Property reference
CP0112123_247