Vause Cribb Chartered Surveyors

12 High Street, Wimbledon. SW19 5DX

Price: OIEO £550,000

Location

PRIME WIMBLEDON VILLAGE LOCATION

The property is located in a prominent position at the middle of the High Street, and benefits from excellent visibility and passing trade. Wimbledon Village continues to be a sought after location for retailers and residential occupiers alike. Nearby businesses include Jigsaw, Joseph, Starbucks, Strada, Boulangerie Paul, Farrow & Ball, Costa, and range of other independent restaurants and retailers.

Accommodation

The property provides a boutique style retail unit with additional storage and retail space in the basement. The unit extends to the following approximate floor areas:

Ground Floor 322 sq ft

Basement 280 sq ft

Let on a 15 year FRI lease from July 2008 subject to a review July 2013 to George & Maria Stavrou T/A Kokos Shoes at £32,500 pa exclusive.

Let on a 15 year lease from July 2008 subject to a review July 2013 to George & Maria Stavrou T/a Kokos Shoes at £32,500 pa exclusive.  The passing rent equates to approx £115 psf ITZA with new lettings occurring at approx £150 psf ITZA, it is our view that this therefore represents an excellent opportunity to actively manage the investment to demonstrate an attractive yield of higher than 7% at the forthcoming review. Recent comparable evidence can be made available to interested parties.

The flat above is sold on a long lease for125 years from 1995 at a ground rent of £50.00 pa.

Location Map