Worple Road, London, SW20

Positioned just moments from Raynes Park station and high street, this freehold commercial premises offers an established income stream in a high-demand part of South West London.

The sale is of the freehold interest in the entire building, comprising the ground floor commercial premises and the residential flat above. The freehold is being sold subject to and with the benefit of a short-term tenancy of the commercial unit and a long residential lease of the upper floors. The buyer will therefore become the freeholder for the residential flat as well as landlord for the commercial premises.

The ground floor unit is currently let to long-standing tenant Village Sports, which has traded from this address for over 25 years and has expressed a clear desire to remain in occupation. While the current lease term has expired, negotiations for renewal are ongoing.

The residential flat above is owned separately on a long leasehold title and is not included in the sale. The buyer will acquire the freehold reversion to this flat and will therefore become the freeholder for it. We understand the lease has approximately 62 years unexpired and a current ground rent of £400 per annum, but these details must be verified independently.

We are advised that the commercial unit currently produces £41,500 per annum in rental income. Buyers are encouraged to review the legal pack and rely on their own legal enquiries to confirm income, tenancy status, and lease terms.

Raynes Park is a thriving commuter hub with fast and frequent trains to London Waterloo, and strong local footfall from a mix of residents, office workers, and passing trade. The high street offers a range of independent shops, national retailers, cafés, and restaurants, while nearby Wimbledon adds further footfall and connectivity.

This property presents an excellent opportunity for investors seeking a secure and established income in a prime South West London location, with long-term value and future asset management potential.

Parking: None.

Please note: All measurements are approximate and provided as a guide only, as accurate measurement is not feasible in this instance.

For sale via secure sale process. Legal pack available on request. Viewings strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are working in partnership with the marketing agent on this online auction sale and are referred to below as "The Auctioneer". This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the marketing agent or the auctioneer. Bids can be made via the marketing agents or via the auctioneer’s website. Please be aware that any enquiry, bid, or viewing of the subject property will require your details being shared between both the marketing agent and the auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by the auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti-Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedures are carried out in accordance with the law.

The advertised price is commonly referred to as a “Starting Bid” or “Guide Price” and is accompanied by a “Reserve Price”. The “Reserve Price” is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the “Guide Price” / “Starting Bid”. These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A legal pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The legal pack will also outline the buyer’s obligations and the seller’s commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or land title purchase.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc. VAT (subject to a minimum of £7,200 inc. VAT) is also required to be paid upon agreement of sale. The reservation fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the marketing agent and the auctioneer may, if they believe it necessary or beneficial to the customer, pass their details to third-party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.