London: 0207 112 8097 Guildford: 01483 331990

Mortimers

156 & 158 Merton Road, Wimbledon SW19 1EG £1,250,000

Location:
The property is located fronting Merton Road at its junction with Quicks Road in a secondary parade of local retailers.

Description:
The building is of traditional brick construction under a pitched tiled roof and comprises two ground floor shops with two flats and an advertising hoarding.

156 Merton Road: Ground floor corner positioned retail unit with glazed frontage, rear store, kitchenette and WC. Approximately 31.6 m2 (340 sqft).

156a Merton Road: First floor flat with potential to develop in to the loft space.

156b Merton Road: Ground floor flat to the rear of 156 Merton Road.

158 Merton Road: Ground floor retail unit with good glazed frontage, kitchenette and WC. Approximately 39 m2 (417 sqft).

Income:
156 Merton Road: £6000 pa, landlords rolling 9 month break clause. (Estimated ERV £10-12,000 pa)

158 Merton Road: £6000 pa rising to £8000 pa in 2018, landlord rolling 9 month break clause. (Estimated ERV £10-12,000 pa)

First Floor Flat 156A let by way of an AST at £1000 pcm.
Ground Floor Flat 156B let by way of an AST at £900 pcm.

There are 2 advertising Hoardings. Currently occupied. The rent is currently being negotiated. There is a Landlords break clause given 3 months notice.

Price:
£1.25m

Rates:
The Rateable Value for 156 Merton Road is £6,700 and 158 Merton Road is £9,200.

Interested parties should verify these figures with the local rating authority, London Borough of Merton.

EPC:
Further details available upon request.

VAT:
We understand VAT is not payable on the purchase price.

Legal Costs:
Each party will be responsible for their own legal costs.

Viewing:
Strictly by appointment through sole agent MORTIMERS.
Contact: Justin Mortimer 0207 112 8097 / 07730 202028


Agent Information

Justin Mortimer
Justin Mortimer
BSc MRICS
  • Office: 0207 112 8097
  • Mobile: 07730 202028