Retail Property (high street) for sale

DESCRIPTION
Ground floor retail and workshop premises for sale freehold, presented onto the market for the first time in 60 years. The property is located on the High Street Colliers Wood, a short walk from the underground on the Northern Line and is available with vacant possession.

The property comprises a ground shop front of around 1,010ft²/93m², a rear workshop area of around 580ft²/53m² and is currently in use as a showroom selling quad bikes jet skis and other recreational vehicles. There is rear vehicular access via Walpole Road. The property benefits from 3-phase electric, own water supply but no gas.

The first floor flat has been sold off on a long-lease (for 99 years commencing 1997) with an advised ground rent of £110 per annum. The electric sub-meter for the flat is paid to the ground floor freeholder.

The property would lend itself for sub-division and redevelopment, retaining a good sized shop to let at the front with the possibility of conversion to residential use at the rear, subject to obtaining the necessary planning from Merton council.

Business Rates for the property are advised as being payable at around £4,500 per annum. All enquiries welcome.