150 ARTHUR ROAD, WIMBLEDON PARK
SW19 8AQ
Mixed retail/residential investment
Offers in excess of £595,000
Total income £27,400
Potential for extending building
DESCRIPTION
The property forms part of a parade of shops, offices, cafes and flats on the south side of Arthur Road within 100 metres of Wimbledon Park District line underground station. The property comprises a three storey mid terrace building arranged as retail/café on the ground and lower ground floors and a self contained three bedroom flat on the upper floors with front and rear access.
TENANCIES
Ground floor – let on a 10 year full repairing and insuring lease with effect from 29th September 2004 at £13,000 pa exclusive. Subject to review in September 2005 and September 2009.
First/second floor – let on an assured shorthold tenancy for 12 months at £1,200 per month.
TENURE
Freehold subject to the above tenancies
PRICE
Offers in excess of £595,000
BUSINESS RATES
Interested parties are advised to make their own enquiries at the Local Rating Authority (London Borough of Merton)
LEGAL COSTS
Each party to be responsible for their own legal costs
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