Merton High Street, London, SW19
£413.98 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,039 sq ft
561 sq m
- SECTOR
Residential development for sale
Key features
- Mixed use Freehold
- Double Retail Shop with 3 flats above
- Sold with the benefit of rental income
- Total Income - £64,800 p.a. - Erv £75,000 p.a.
- 0.3 miles from South Wimbledon Station
- 0.4 miles from Colliers Wood Station
Description
Being sold "Unconditionally" with no planning history but with the benefit of rental income.
The freehold comprises of the following:
Ground Floor Commercial with two entrances - A1 Carpet Shop and Rear - Approx. 333.6 Sq M (3,591 sq.ft.).
First Floor Residential 1 bed Flat 19a - Approx. 38.1 Sq M (410 sq.ft.).
First / Second Floor Duplex Residential 2 bed Flat 19b - Approx. 69.6 Sq M (749 sq.ft.).
First / Second Floor Duplex Residential 3 bed Flat 17 - Approx. 119.3 Sq M (1,284 sq.ft.).
TOTAL ACCOMMODATION - 561 Sq M (6,039 sq.ft.).
Planning:
The asset is being sold "Unconditionally" without planning. No planning applications have been submitted.
There are however two planning permissions which have been granted, very close to the property asset.
1. Land to the rear of The Nelson Arms 15 Merton High Road - Application 15/P0230 granted for a three storey 7 unit flatted scheme - now built and sold.
2. Land to the south and west of the site - Outline Application 2017/6565 granted to built up to 10 storeys to the side and rear of the site. This application was made by Clarion Housing.
Next door at 21 Merton High Street the freeholder has expressed an interest to also sell their freehold and the 3x residential flats. They have sold off the commercial "Nail bar" on a long lease but I am also in touch with the owner who is also happy to discuss a sale. This would create a sizeable block with the exception of The Nelson Public House.
Transport Links:
The site is equal distance between Colliers Wood and South Wimbledon tube station with its Northern Line into London.
Colliers Wood Station is 0.4 mile & South Wimbledon Station is 0.3 miles.
Energy Performance Rating (EPC) Energy Ratings: D (Flat 9a & b), G (Flat 17a)
Council Tax Band - A (Flat 19a), C (Flat 17a & 19b)
Merton High Street, London, SW19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Wimbledon Station0.2 miles
- Colliers Wood Station0.4 miles
- Morden Road Tram Stop0.6 miles
About Dexters Development & Investment, Investments
Dexters Mayfair, 66 Grosvenor Street, London, W1K 3JLNotes
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