A two storey inner terraced building comprising ground floor retail shop with a residential flat (not inspected) which is being sold off on a Long Leasehold Interest.
The layout and areas of the ground floor retail shop and store are as follows:
Retail Shop:
Net Frontage – 12' (3.66m)
Internal Width – 11' (3.66m) widening to 13' 6” (4.1m) to rear
Shop Depth – 30' (9.1m)
Net Sales Area – 352 sq ft (32.7 sq m)
Rear Store and Kitchenette – 150 sq ft (13.9 sq m)
Access to Rear Enclosed and Part Covered Yard Area
Rear Detached Store – 225 sq ft (21 sq m)
Net Internal Area – 727 sq ft (67.5 sq m)
There is a separate recessed front entrance door to the upper flat which has not been inspected.
PLANNING
We understand that the ground floor shop has A1 Retail Use. Applicants interested in alternative uses should make enquiries to Merton55 Planning Department on 020 8545 3777.
BUSINESS RATES
The annual Business Rates payable for the year ending March 31st 2010 are £2,958.
TENANCY DETAILS
We understand that the residential maisonette over has been sold off on a Long Leasehold Interest for 99 years from 24th June 1981 (71 years unexpired) with an annual Ground Rent receivable of £50 rising to £100 per annum.
EPC
The Landlord has been informed that an Energy Performance Certificate (EPC) should be obtained for the subject property. Where an EPC is not displayed please contact the agent to confirm the current status.
TERMS
The Freehold Interest in the property, subject to vacant possession of the ground floor and the Long Leasehold Interest in the upper floors is offered for sale.
PRICE
£125,000 (One Hundred and Twenty Five Thousand Pounds)
VIEWING/FURTHERDETAILS
By appointment only with Sole Agents, Wallakers Commercial on
020 8399 5381. |
