£4,500,000
(£596.66/sq. ft)
Property for saleKingston Road, London SW20
7,542 sq. ft
Freehold
About this property
Location
The property occupies a prime high street position in the heart of Raynes Park, a
thriving suburban district in southwest London. The property benefits from a
prominent frontage on the A238 (Kingston Road) a key arterial route linking
Wimbledon, New Malden, and Kingston-upon-Thames. The immediate area is a
well-established commercial zone, with a diverse mix of independent retailers, cafes, restaurants, and national brands. Neighbouring occupiers include Tesco Express, Co-op
Food, and various convenience stores, estate agents, and salons, creating a vibrant
and active trading environment.
Description
This standout mixed-use property arranged over 4 floors has recently undergone a
high-quality refurbishment, delivering premium commercial and residential space.
The ground floor boasts a highly visible commercial unit with excellent street
frontage perfectly positioned for retail, office, or hospitality use (subject to necessary
consents).
The upper parts consist of 9 flats with three 1 bedroom and six 2 bedroom flats split
amongst three floors.
User
The premises fall under Class E & C3 of The Town and Country Planning Use Classes)
(Amendment) (England) Regulations 2020.
EPC
A new Energy Performance Certificate has been commissioned and will be available
shortly.
Local Authority
London Borough of Merton.
Accommodation Schedule
The property offers the following (NIA) approximate dimensions:
Tenure
Freehold with vacant possession.
Terms
Offers in excess of £4,500,000are invited for our clients Freehold interest. A
purchase at this level will provide a low per sq ft of £651 for the residential
element, whiulst the commercial parts area shown at a niy of 8%.
Area Comaprable
The table below indicates that the average psf around the area is £801.68. This
newly refurbished freehold building offers 5,964 sq ft of high-quality residential
space in an area where similar properties are selling for around £801.68 per sq
ft.There is also strong break-up potential sold separately, allowing for a higher
combined resale value close to £4.8 million just on the residential. A great
opportunity for investors looking for a turnkey asset with strong upside potential.
Legal
Each party to bear its own legal costs.
VAT
The property has not been elected for VAT.
Aml
In accordance with Anti-Money Laundering Regulations, we shall require additional
information from the purchaser/tenants so that an online verification can be
undertaken
The property occupies a prime high street position in the heart of Raynes Park, a
thriving suburban district in southwest London. The property benefits from a
prominent frontage on the A238 (Kingston Road) a key arterial route linking
Wimbledon, New Malden, and Kingston-upon-Thames. The immediate area is a
well-established commercial zone, with a diverse mix of independent retailers, cafes, restaurants, and national brands. Neighbouring occupiers include Tesco Express, Co-op
Food, and various convenience stores, estate agents, and salons, creating a vibrant
and active trading environment.
Description
This standout mixed-use property arranged over 4 floors has recently undergone a
high-quality refurbishment, delivering premium commercial and residential space.
The ground floor boasts a highly visible commercial unit with excellent street
frontage perfectly positioned for retail, office, or hospitality use (subject to necessary
consents).
The upper parts consist of 9 flats with three 1 bedroom and six 2 bedroom flats split
amongst three floors.
User
The premises fall under Class E & C3 of The Town and Country Planning Use Classes)
(Amendment) (England) Regulations 2020.
EPC
A new Energy Performance Certificate has been commissioned and will be available
shortly.
Local Authority
London Borough of Merton.
Accommodation Schedule
The property offers the following (NIA) approximate dimensions:
Tenure
Freehold with vacant possession.
Terms
Offers in excess of £4,500,000are invited for our clients Freehold interest. A
purchase at this level will provide a low per sq ft of £651 for the residential
element, whiulst the commercial parts area shown at a niy of 8%.
Area Comaprable
The table below indicates that the average psf around the area is £801.68. This
newly refurbished freehold building offers 5,964 sq ft of high-quality residential
space in an area where similar properties are selling for around £801.68 per sq
ft.There is also strong break-up potential sold separately, allowing for a higher
combined resale value close to £4.8 million just on the residential. A great
opportunity for investors looking for a turnkey asset with strong upside potential.
Legal
Each party to bear its own legal costs.
VAT
The property has not been elected for VAT.
Aml
In accordance with Anti-Money Laundering Regulations, we shall require additional
information from the purchaser/tenants so that an online verification can be
undertaken
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