Block of flats for sale in Wimbledon Hill Road, London SW19

Investment opportunity to acquire an income generating mixed-use freehold in a prime Wimbledon location.

Commercial Unit - Ground Floor - 926 feet - £50,000 pa income

Flat G - Lower Ground Floor - 1,156 square feet - erv £24,000 pa

Ground Rent Income - £200pa

The property is ideally located in Wimbledon town centre and comprises a residential property on the lower ground floor, commercial property let on a long lease to the Sushi company, and ground rent income.

The commercial unit is let with an excellent tenant covenant to the Sushi company on a long lease. Flat G is currently owner occupied and offered with vacant possession. The freehold has the commercial unit plus four residential properties, with three of the residential properties sold off. In addition to the rental income from the commercial unit and potential rent from the residential property there is also ground rent income of £200 pa.

We are instructed by our client that the property is not registered for VAT.

The property is located in Wimbledon town centre, close to the station and with a wealth of amenities nearby. The parade is home to retailers such as Pho, Nationwide, Wagamama's and Buenos Aires steakhouse. Wimbledon is a world famous area of London known for the Tennis Championships and as an affluent area popular with young professionals, families and tourists alike. Wimbledon station is nearby offering overground, underground (district and circle lines) and tram routes.