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Investment property for sale in New Malden

74-76 High Street, New Malden, Surrey, KT3 4ET
For sale
£750,000 Offers In Region Of
michael-rogers
This property is marketed by:
Michael Rogers

Description

New Malden is situated some 10 miles south west of central London and is an established commercial centre with numerous retailers, restaurants and leisure facilities.

The building is located in the centre of New Malden close to the railway station which offers fast and frequent services to London Waterloo (journey time of approximately 25 minutes). The A3 is less than one mile from the property and offers direct access to central London and Junction 10 of the M25.

The mid-terraced property is arranged over ground and first floors. 

The ground floor comprises a retail unit, previously with an A2 use but now within the new E class commercial use. The unit benefits from two WC's, kitchenette, small office and refuse area. 

The first floor was previously used as an ancillary office but has now been separated from the ground floor and has the benefit of planning permission to create two residential units (plans available on request). 

The flats will be accessed via a service road to the rear of the property.

The building has the following approximate floor areas:

Floor Sq.ft Sq,M

Ground 624 58

First Floor 624 58

Total 1,248 116

The ground floor is let to William Hill Organization Limited on an effective full repairing and insuring lease for a term of seven years from 31st January 2020 until 30th January 2027. There is a tenant only break on 31st January 2024 subject to six months prior written notice.

The passing rent is £18,500 per annum exclusive.

The building has an Energy Performance Certificate of C-56.


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