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Agent's details

19 Approach Road, Raynes Park SW20 8BA

For sale: £650,000.00|923 - 1,493 Sq Ft|Retail, Offices, Flat, General Retail, Office, Residential

Property details

FOR SALE£650,000.00
SIZE923 - 1,493 Sq Ft
ADDRESS19 Approach Road, London, SW20 8BA
TYPERetail, Offices, Flat, General Retail, Office, Residential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON12th May 2022

Description

Prominent 2 storey corner property situated close to Raynes Park mainline railway station.
Retail premises falls under class E use and suitable for a variety of uses including offices, medical, café/restaurant or general shop use.
Self-contained 2 room first floor flat plus a large kitchen/dining area currently let on an AST tenancy until 15th January 2024 at £1,200 per calendar month.
Ideal purchase for an owner occupier or investment buyer.
Estimated potential overall rental income of £39,400 per annum.
Freehold.
We are advised that the property is not elected for VAT.
Sale price £650,000 (six hundred and fifty thousand pounds) subject to contract.

DESCRIPTION
The premises comprises a two storey corner property adjoining Aston Road, with a prominent retail unit on the ground floor and a self-contained 1 bedroom flat on the first floor.

GROUND FLOOR RETAIL
A ground floor shop premises which falls under Class E use and can be used for a number of other uses such as offices, retail, medical and café/restaurant use. The property benefits from a store area connected to the rear of the premises.

FIRST FLOOR FLAT
A well maintained first floor flat with a dedicated entrance via Aston Road. Comprising a large living room, one bedroom, a large kitchen/dining area and a shower room/WC. The flat is currently let on a 1 year term expiring on 15th January 2024 at a rent of £1,200 per calendar month.

The property is to be sold freehold with vacant possession of the ground floor retail unit and with the benefit of the income from the Assured Shorthold Tenancy of the first floor flat.

EPC
First Floor Flat: D (59)
Ground Floor Shop: C (71)

VAT
We are advised the property is not elected for VAT.

Location

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Location: 19 Approach Road, London, SW20 8BA

Wimbledon (1.2 miles)

Morden (1.5 miles)

South Wimbledon (1.6 miles)

Raynes Park (0.3 miles)

Wimbledon Chase (0.5 miles)

South Merton (1.0 miles)

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