94 The Broadway

Wimbledon, London, SW19 1RH

1,453 sq ft

Long leasehold commercial investment located in Wimbledon, London currently producing £48,000 per annum.

Summary

Long leasehold commercial investment located in Wimbledon, London currently producing £48,000 per annum
Located in a prime pitch on The Broadway (A219) within the heart of Wimbledon in southwest London
Comprising a ground floor retail unit along with basement storage space providing a gross internal floor area of 1,453 square feet (135.04 square metres)
Offers are invited in excess of £575,000, which represents a gross yield of 8.35%

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Ground	830	77.11	Occupied
Basement	623	57.88	Occupied
Total	1,453	134.99

Location

The property is situated on The Broadway (A219) within the heart of Wimbledon village in southwest London. Wimbledon village is a charming and affluent suburb of London providing a blend of chic shops, cafes and bars, set amongst some of London’s most handsome period buildings. Nearby occupiers include New Wimbledon Theatre, Odeon Wimbledon, Gourmet Burger Kitchen, Pizza Express, Sainsbury’s Local, and The Gym Group.

Wimbledon Station is 0.3 miles away which is a National Rail, London Underground, and Tramlink station. There is a regular service to London Waterloo with journey times of approximately 17 minutes. The station also provides access to London Underground via the District Line, Tramlink and Thameslink services. By road, The Broadway (A219) provides a link to the A3, which links to Junction 10 of the M25 Motorway, and the A24 to the east. The area also has several regular and reliable bus services.

Please note all distances given are approximate only.

Get directions from Google Maps

Mainline Stations

Wimbledon

5 mins
Haydons Road

13 mins
Wimbledon Chase

17 mins
South Merton

22 mins

Underground Station

Wimbledon

5 mins
Dundonald Road

6 mins
Merton Park

8 mins
South Wimbledon

9 mins

Further Information

Price Offers in excess of £575,000

Rates Payable £13.15 per sq ft

EPC Rating This property has been graded as B (47)

Description

A ground floor retail unit with a basement providing storage space. The tenant has split the unit and currently sublets part. Part of the property is a mobile phone repair shop and the other part sells Bubble Tea.

Terms

Offers are invited in excess of £575,000, which represents a gross yield of 8.35%.

Tenancy

The property is let to Multea Ltd on a 15-year lease from April 2021. The passing rent at the point of sale will be £48,000 per annum. There is a fixed uplift to £50,000 per annum in April 2025. The lease allows for a rent review in April 2026 and 2031. A deposit of £14,330 is held.