Merton High Street, London, SW19
- PROPERTY TYPE
Block of Apartments
- SIZE
6,039 sq ft
561 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Mixed use Freehold
- Double Retail Shop with 3 flats above
- Sold with the benefit of rental income
- Total Income - £64,800 p.a. - Erv £75,000 p.a.
- 0.3 miles from South Wimbledon Station
- 0.4 miles from Colliers Wood Station
Description
Being sold "Unconditionally" with no planning history but with the benefit of rental income.
The freehold comprises of the following:
Ground Floor Commercial with two entrances - A1 Carpet Shop and Rear - Approx. 333.6 Sq M (3,591 sq.ft.).
First Floor Residential 1 bed Flat 19a - Approx. 38.1 Sq M (410 sq.ft.).
First / Second Floor Duplex Residential 2 bed Flat 19b - Approx. 69.6 Sq M (749 sq.ft.).
First / Second Floor Duplex Residential 3 bed Flat 17 - Approx. 119.3 Sq M (1,284 sq.ft.).
TOTAL ACCOMMODATION - 561 Sq M (6,039 sq.ft.).
Planning:
The asset is being sold "Unconditionally" without planning. No planning applications have been submitted.
There are however two planning permissions which have been granted, very close to the property asset.
1. Land to the rear of The Nelson Arms 15 Merton High Road - Application 15/P0230 granted for a three storey 7 unit flatted scheme - now built and sold.
2. Land to the south and west of the site - Outline Application 2017/6565 granted to built up to 10 storeys to the side and rear of the site. This application was made by Clarion Housing.
Next door at 21 Merton High Street the freeholder has expressed an interest to also sell their freehold and the 3x residential flats. They have sold off the commercial "Nail bar" on a long lease but I am also in touch with the owner who is also happy to discuss a sale. This would create a sizeable block with the exception of The Nelson Public House.
Transport Links:
The site is equal distance between Colliers Wood and South Wimbledon tube station with its Northern Line into London.
Colliers Wood Station is 0.4 mile & South Wimbledon Station is 0.3 miles.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Merton High Street, London, SW19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Wimbledon Station0.2 miles
- Colliers Wood Station0.4 miles
- Morden Road Tram Stop0.6 miles
About the agent
Dexters Development & Investment, Investments
Dexters Mayfair, 66 Grosvenor Street, London, W1K 3JL
London covered
Our dedicated team of specialists have a well-established track record of achieving clients more than the market value for land, development and investment projects across the capital. Members of RICS, our qualified chartered surveyors uphold their reputation for integrity and professionalism.
Based in one of the Dexters ‘Centres of Excellence, our experts focus solely on development services for clients including Croudace Homes, Barratt Homes, Berkeley Grou
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