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124 Merton High Street, Merton SW19 A1 Shops to rent

£37,000 pa

Property description

    Property features

  • Retail
    (Shops)
  • Dimensions: 119 m2
    (1280 ft2)

A new assignment corner unit, in the heart of Merton. The unit is comprised of high-quality commercial space over the ground floor and basement only.

The unit comes with a toilet in the basement and a garage to the rear of 122 Merton High Street. The assignment also includes the land to the rear of 124 and 122 Merton Road, to be used as off street parking.

Location: The property is prominently positioned on the corner where Merton High Street meets Haydons Rd. The commercial premise is excellently positioned with South Wimbledon underground station being under a 5-minute walk away, which provides access to the Northern Line. Merton High street also provides access to various bus routes which gives access to areas such as Wimbledon, Kingston and Clapham Junction. The unit is surrounded by multiple successful retailers including The Nelson Arms, Merton - Georgian wine bar and Cedar Lebanese.

Terms & conditions: The commercial demise is currently let of a 10-year lease from the 24th June 2018, with a current passing rent of £37,000 + VAT per annum. The rent is due to increase to £43,000 on the 24th June 2025 for the final 5 years of the lease. There is a tenant-only break clause on the 10th of July 2025, subject to 6 months' written notice.

Business rates: The property has a Rateable Value of £11,250. Interested parties are advised to make their own enquiries of the Local Authority, London Borough of Merton , for verification of rates payable.

Rent: £37,000 per annum exclusive.

Additional information

Tenure

Leasehold

Nearest stations

  • South Wimbledon (0.2 miles)
  • Colliers Wood (0.4 miles)

Property location map

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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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