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Completely London

156 Merton Hall Road, Merton Park SW19

£33,000 pa

    Property features

  • Restaurant
    (Restaurant)
  • Dimensions: 95 m2
    (1025 ft2)

Property description

The property provides ground floor restaurant/A3 premises together with a selfcontained 3 bedroom flat above.

Location: The premises are located in a prominent and improving location on Kingston Road/Merton Hall Road opposite the Nelson Hospital, other traders close by include: Lords Pharmacy, Britannia Driving School, Panetteria Italiana (Bakery), Master John Dry Cleaners and Waffle Jacks.

Terms & conditions: The premises are held on a 24 year FRI lease expiring in May 2030 subject to 4 yearly rent reviews, the next review being in May 2018. The lease has a provision whereby the residential accommodation can be separately let/sublet, we estimate this could produce an income in the region of £1400/£1500 per calendar month substantially reducing the net rental applicable to the A3 space.

Business rates: The rateable value is £9,600. There are no rates payable however prospective purchasers are recommended to check with the local Authority (London Borough of Merton).

Rent: Passing rental is £33,000 per annum exclusive.

Additional information

Tenure

Lease assignment

Disclaimer

We make every reasonable effort to ensure that the information on this website is accurate. However, no guarantees for the accuracy of information are made and we make no warranties of any kind, whether expressed or implied, in respect of the information supplied. You should make independent enquiries regarding the property particularly in respect of furnishings to be included/excluded and parking facilities.

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