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Kingston Road, London, London, SW19 1JX

Guide Price
£960,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
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SECTOR

Commercial development for sale

Key features

  • Freehold Property
  • Total Current Passing Rent: £67,200 per annum
  • Excellent location within an affluent SW19 postcode
  • Investment Opportunity
  • Viewing Highly Recommended

Description

Being sold via Secure Sale online bidding. Terms & Conditions apply.

FREEHOLD INVESTMENT FOR SALE

3 & 3A KINGSTON ROAD, WIMBLEDON, SW19 1JX


SHOP & RESIDENTIAL INVESTMENT

Subject to existing leases and tenancies


Investment Summary

· Freehold & Leasehold

· Comprising a shop and 3 flats

· Fully let subject to ASTs / Lease

· Total Current Passing Rent: £67,200 per annum - The current rents are below market rate, and that there is potential for significant increases.

· Excellent location within an affluent SW19 postcode

Location:

The property is prominently located opposite South Wimbledon Underground Station (Northern Line) on Kingston Road junction with Merton High Street, Morden Road and Merton Road, short distance from Wimbledon town. Merton Road tram stop is minutes away and on numerous bus routes.

The surrounding area features a vibrant mix of commercial and residential properties, with nearby occupiers including Sainsbury’s Local, Tesco Express, nail salon, food outlets, hairdressers and a variety of other local retailers, contributing to strong footfall.

Description
This three storey building comprises ground shop and 1 x one bedroom and 2 x two bedroom flats and arranged over ground, first and second floors. All flats are in excellent condition benefiting from gas central heating, double glazed, full bathroom and fitted kitchen.

Freehold building with shop and 3 flats (Existing leases on the three flats, all three flats have a long lease of 999 from 2019 Between freeholder/internal transaction).

Tenure
Freehold building with shop and 3 flats (Existing leases on the three flats, all three flats have a long lease of 999 from 2019 Between freeholder/internal transaction).) Title Number- SGL806813 SGL810859 SGL806815 Freehold - SGL604965

Description

This three storey building comprises ground shop and 1 x one bedroom and 2 x two bedroom flats and arranged over ground, first and second floors.

Location

The property is prominently located opposite South Wimbledon Underground Station (Northern Line) on Kingston Road junction with Merton High Street, Morden Road and Merton Road, short distance from Wimbledon town.

Tenure

3 Leasehold Flats - SGL806813 SGL810859 SGL806815
Freehold - SGL604965

EPC's

Commercial - Rating E
Flats - D, D, C

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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 buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Kingston Road, London, London, SW19 1JX

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • South Wimbledon Station0.1 miles
  • Merton Park Tram Stop0.3 miles
  • Morden Road Tram Stop0.4 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 513512. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinsons, Pattinsons Auction- National Auctioneer. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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