Retail premises for sale in 9-23 Leopold Road, Wimbledon, London SW19

Key Points

Description

The property comprises a handsome terrace of 7 shops let to 6 tenants with apartments above over a 0.217-acre site. The parade was constructed in the late 19th Century. The shops provide a good mix of accommodation sizes and configurations, all of which are serviced from the front, off busy streets with excellent frontage.

Offers invited in excess of £6,436,000 (Six Million, Four Hundred and Thirty-Six Thousand Pounds), representing an Initial Net Yield of 6% of commercial income (£2,265,000) and £575 per sq ft on the residential uppers (£4,171,050), which reflects a significant discount to the wider Wimbledon residential market at £750 per sq ft. A sale at this price reflects a capital value of just £490 per sq ft of the total gia.

Location

The property is located on Leopold Road which forms a local retail parade in the Wimbledon Park area, lying half a mile to the north of Wimbledon town centre in south west London in the London Borough of Merton. The parade primarily serves the Wimbledon Park area with all shops occupied by independent retailers catering for the everyday needs of the resident population. The wider area is an affluent residential neighbourhood with a good range of boutique retailers, upmarket chain stores, a large Waitrose (c.200 metres), and healthy amount of green outdoor spaces and parks.