124 Merton High Street, London, SW19 1BD

Description

A new assignment corner unit, in the heart of Merton. The unit is comprised of high-quality commercial space over the ground floor and basement only.

The unit comes with a toilet in the basement and a garage to the rear of 122 Merton High Street. The assignment also includes the land to the rear of 124 and 122 Merton Road, to be used as off street parking.

New A1 Lease Assignment Opportunity

Location

The property is prominently positioned on the corner where Merton High Street meets Haydons Rd. The commercial premise is excellently positioned with South Wimbledon underground station being under a 5-minute walk away, which provides access to the Northern Line.

Merton High street also provides access to various bus routes which gives access to areas such as Wimbledon, Kingston and Clapham Junction. The unit is surrounded by multiple successful retailers including The Nelson Arms, Merton - Georgian wine bar and Cedar Lebanese.

Size Notes

1,280 sq ft

Rent Description

£37,000 per annum exclusive.

Lease

Lease assignment - The commercial demise is currently let of a 10-year lease from the 24th June 2018, with a current passing rent of £37,000 + VAT per annum.

EPC

D -77

The commercial demise is currently let of a 10-year lease from the 24th June 2018, with a current passing rent of £37,000 + VAT per annum.

The rent is due to increase to £43,000 on the 24th June 2025 for the final 5 years of the lease.

There is a tenant-only break clause on the 10th of July 2025, subject to 6 months' written notice.
( Agency Pilot Software Ref: 1001360 )