The property provides ground floor restaurant/A3 premises together with a self-contained 3 bedroom flat above.
Location
The premises are located in a prominent and improving location on Kingston Road/Merton Hall Road opposite the Nelson Hospital, other traders close by include: Lords Pharmacy, Britannia Driving School, Panetteria Italiana (Bakery), Master John Dry Cleaners and Waffle Jacks.
Accommodation
The commercial premises benefit from the following approximate net internal floor area (NIA):
Restaurant - 62.25 sq m (670 sq ft)
Kitchen - 33.01 sq m (355 sq ft)
TOTAL - 98.35 sq m (1,025 sq ft)
The 3 bedroom flat above has an approximate floor area of 754 sq ft (70 sq m)
Terms
TENURE - The premises are held on a 24 year FRI lease expiring in May 2030 subject to 4 yearly rent reviews, the next review being in May 2018.
The lease has a provision whereby the residential accommodation can be separately let/sublet, we estimate this could produce an income in the region of £1400/£1500 per calendar month substantially reducing the net rental applicable to the A3 space.
RENT - Passing rental is £33,000 per annum exclusive.
PREMIUM - Price upon application.
EPC - Available on request.
RATES - The rateable value is £9,600. There are no rates payable however prospective purchasers are recommended to check with the local Authority (London Borough of Merton).
LEGAL COSTS - Each party to be responsible for their own legal and surveying costs incurred in this transaction.