62 The Broadway

London, SW19 1RQ

Property Type Investment
Availability For Sale
Size 1833 sqft
Energy Performance Rating N/A

Ground Floor Retail/Restaurant Investment with 4 residential flats


LOCATION

The affluent suburb of Wimbledon is located approximately 12.75 km (8 miles) south west of central London within the London Borough of Merton. Kingston-upon-Thames lies to the west of Wimbledon, with Putney to the north. Road connections from Wimbledon are good, with the A3 being easily accessible from the subject property and providing access to the M25 motorway (J10) and the wider motorway network. Wimbledon station provides regular overland rail services to London Waterloo with a journey time of 19 minutes. Wimbledon station is also served by London Underground (District Line), with frequent services to central London and the City. The Broadway acts as the main thoroughfare through Wimbledon along which there is access to Wimbledon Underground and mainline Railway Station (Southwestern Railway, Thameslink & District Line), Wimbledon Tram Station, Centre Court Shopping Centre and a vast array of shops, cafés, restaurants, gyms, banks, pubs and supermarkets including two Sainsbury’s branches, Morrisons, M&S Simply Food, TK Maxx, Virgin Active and Pret A Manger, and many more.

KEY POINTS

  • Ground Floor Retail/Restaurant Investment
  • Prime property in affluent greater London Suburb Town Centre location
  • In close proximity to Wimbledon Mainline & Underground Station
  • Rent £65,000 pa
  • Upper floors residential (sold off on long lease)
  • Freehold
  • Offers sought in the region of £770,000 stc with a Net Initial Yield 8%
The subject property is an attractive period building comprising a well configured retail unit arranged over ground floor only. There are residential upper parts which are accessed via a rear service road. The front elevation has fully glazed retail frontages with a redbrick façade on the upper floors. The upper parts comprising 4 flats are let on a 999 year lease with access via a mews at the rear of the property.

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