12 Abbotsbury Road, Morden, Surrey, SM4 5LQ

Guide Price: £25,000

For sale by unconditional online auction starting on 18th November at 10:00 and ending on 18th November at 11:00

For Sale by online Auction, a leasehold mixed-use property comprising a ground floor retail unit and a self-contained first floor studio apartment in Morden, Surrey. Bidding opens Wednesday 17th November at 10:00am.

An opportunity to acquire a leasehold mixed-use property comprising a ground floor retail unit and a self-contained first floor studio apartment, offering potential for investors seeking an established rental income alongside the opportunity to generate additional income.

The ground floor retail unit is currently let at £550 per calendar month (£6,600 per annum), providing an existing income stream. The first floor studio apartment is currently vacant and has recently undergone renovation works by the current owners, including the installation of double-glazed windows, a kitchen, bathroom and ceiling insulation. The accommodation offers the incoming purchaser the opportunity to explore its rental potential, subject to any necessary requirements.

The property is situated on Abbotsbury Road in Morden, an established South London location benefiting from a range of local shops, supermarkets, cafs and everyday amenities. Morden town centre and Underground station are within easy reach, providing Northern line connections towards Central London. The area also benefits from nearby green spaces, including the popular Morden Hall Park.

Leasehold Information and Important Notice to Purchasers:
The property is held on a leasehold basis, with the lease commencing on 29 September 1931 for a term of 99 years, due to expire on 28 September 2030. On this basis, approximately 3 years and 11 months remain on the lease as at October 2026.

The freeholder is believed to be the London Borough of Merton Council. We are informed that there is currently no ground rent payable and no annual maintenance charge; however, prospective purchasers should verify this information through their own legal enquiries and examination of the legal pack.

All prospective purchasers are strongly advised to obtain independent legal and professional advice regarding the remaining lease term, the availability and feasibility of a lease extension, and any associated premiums, legal fees, valuation fees or other costs that may arise. Purchasers must satisfy themselves as to all matters relating to the leasehold interest prior to bidding.

Disclaimer:
OLAPA LTD HAVE NOT INSPECTED THE PROPERTY. PHOTOS PROVIDED BY THE VENDOR.

Tenure:
Leasehold (Approximately 3 years and 11 months remain on the lease as at October 2026)
EPC Rating: E (40)

UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a 5%+VAT (subject to a minimum of £5,500+VAT) buyer's premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

PRE AUCTION OFFERS ARE CONSIDERED
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

SPECIAL CONDITIONS
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.