156 & 158 Merton Road, Wimbledon SW19 1EG £1,250,000
The property is located fronting Merton Road at its junction with Quicks Road in a secondary parade of local retailers.
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).
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.
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.
Further details available upon request.
We understand VAT is not payable on the purchase price.
Each party will be responsible for their own legal costs.
Strictly by appointment through sole agent MORTIMERS.
Contact: Justin Mortimer 0207 112 8097 / 07730 202028
Location & Information
- Property Type: Investment, Retail
- Size: 757 sqft
- Postcode: SW19 1EG