Retail premises for sale in 74-76 High Street, New Malden KT3

Offers in region of £750,000 (£600.96/sq. ft)
Retail premises for sale 1,248 sq. ft*
Interested in this property? Call +44 20 7768 0224 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Benefit of planning permission to create two residential units on first floor
  • Kitchenette
  • Small office
  • 2 WC's
  • Refuse area

Property description

New Malden is situated some 10 miles south west of central London and is an established commercial centre with numerous retailers, restaurants and leisure facilities.
The building is located in the centre of New Malden close to the railway station which offers fast and frequent services to London Waterloo (journey time of approximately 25 minutes). The A3 is less than one mile from the property and offers direct access to central London and Junction 10 of the M25.

The mid-terraced property is arranged over ground and first floors.

The ground floor comprises a retail unit, previously with an A2 use but now within the new E class commercial use. The unit benefits from two WC's, kitchenette, small office and refuse area.

The first floor was previously used as an ancillary office but has now been separated from the ground floor and has the benefit of planning permission to create two residential units (plans available on request).

The flats will be accessed via a service road to the rear of the property.

The building has the following approximate floor areas:
Floor Sq Ft Sq M
Ground 624 58
First Floor 624 58
Total 1,248 116
The ground floor is let to William Hill Organisation Limited on an effective full repairing and insuring lease for a term of seven years from 31st January 2020 until 30th January 2027. There is a tenant only break on 31st January 2024 subject to six months prior written notice.

The passing rent is £18,500 per annum exclusive.

The building has an Energy Performance Certificate of c-56.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Michael Rogers, TW9 on +44 20 7768 0224 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Michael Rogers, and do not constitute property particulars. Please contact Michael Rogers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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