Fixed price
£300,000
(£731.71/sq. ft)
Retail premises for saleMunster Road, London SW6
410 sq. ft
Freehold
About this property
Location:
Located in a highly visible corner position in the heart of Munster Village at the junction with Fernhurst Road. Parsons Green Tube station (District Line) is within a few minutes walk and nearby occupiers include The Co Op, Tesco Local, Pappa Ciccia, Sourdough Bakery and a range of local restaurants and coffee shops.
Accommodation:
Freehold Shop for Sale with Vacant Possession expected in May 2025. Currently configured as a self Contained lock up shop trading as a health and wellness provider on ground floor, the unit offers an excellent opportunity to acquire a Freehold Shop benefitting from expected vacant possession in May 2025. The residential flat above is sold by way of a long Leasehold interest generating £150 per Annum, rising to £300. The unit currently extends to the following approximate Net Internal Areas.
Ground Floor 410 sq ft
Maisonette above 1542 sq ft
leases:
Let to Forever Young Beauty Clinic Ltd by way of a standard Fri Lease for a term of 8 years from May 2017 with 4 yearly rent reviews to higher of open market or rpi at a current rent of £20,396 pa. The tenant has indicated they do not wish to renew their Lease and vacant possession is therefore expected in May 2025. Dilapidation negotiations have not yet been initiated. The flat above is sold off ona 134 year lease from 1985 producing a ground rent of £150 pa rising to £300 pa.
Price: £300,000 exclusive. The building is not elected for VAT.
Located in a highly visible corner position in the heart of Munster Village at the junction with Fernhurst Road. Parsons Green Tube station (District Line) is within a few minutes walk and nearby occupiers include The Co Op, Tesco Local, Pappa Ciccia, Sourdough Bakery and a range of local restaurants and coffee shops.
Accommodation:
Freehold Shop for Sale with Vacant Possession expected in May 2025. Currently configured as a self Contained lock up shop trading as a health and wellness provider on ground floor, the unit offers an excellent opportunity to acquire a Freehold Shop benefitting from expected vacant possession in May 2025. The residential flat above is sold by way of a long Leasehold interest generating £150 per Annum, rising to £300. The unit currently extends to the following approximate Net Internal Areas.
Ground Floor 410 sq ft
Maisonette above 1542 sq ft
leases:
Let to Forever Young Beauty Clinic Ltd by way of a standard Fri Lease for a term of 8 years from May 2017 with 4 yearly rent reviews to higher of open market or rpi at a current rent of £20,396 pa. The tenant has indicated they do not wish to renew their Lease and vacant possession is therefore expected in May 2025. Dilapidation negotiations have not yet been initiated. The flat above is sold off ona 134 year lease from 1985 producing a ground rent of £150 pa rising to £300 pa.
Price: £300,000 exclusive. The building is not elected for VAT.
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