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SUMMARY
AVAILABLE AT £2,750,000 Two substantial freehold buildings arranged as two ground floor shops 98 The Broadway benefits from a basement level and two first and second floor residential units 7 room HMO and three bedroom flat
Planning permission for 9 new self contained flats
Investment Rent reserved £188,129.88 pa


DESCRIPTION
Two substantial freehold buildings arranged as two ground floor shops 98 The Broadway benefits from a basement level and two first and second floor residential units 7 room HMO and three bedroom flat
Planning permission for 9 new self contained flats
Investment Rent reserved £188,129.88 pa

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Location
The property is situated within this busy retail thoroughfare facing Wimbledon Theatre, The premises serve a densely populated and predominantly residential catchment and also benefits from a volume of passing vehicular trade. Public transport links include Wimbledon Station National Rail, District Line and Tram services together with local bus routes serving the surrounding vicinity.

Description
Two substantial freehold buildings arranged as two ground floor shops one with a basement and two first and second floor residential units. Above one shop is a 7 room HMO and above the other shop is a three bedroom flat. Planning permission for nine new self contained flats has been granted. The vendors have declared to the auctioneers that the community infrastructure levy has already been paid and all electric metres have been pre installed for the new residential parts.

Accommodation
Unit 96
Accommodation Shop let to Phokas Barbers
EPC C
Council Tax N A
Tenancy Let on a lease which expires October 2027 at a rent of £3,270.83 pcm

Unit 96a
Accommodation Three bedrooms, reception room, kitchen, bathroom WC
EPC E
Council Tax D
Tenancy Each bedroom is let on individual tenancy agreements totalling £2,550 pcm

Unit 98
Accommodation Shop let to Decorator s Mate
EPC B
Council Tax N A
Tenancy Let on a lease which expires October 2027 at a rent of £5,416.66 pcm

Unit 98a
Accommodation Seven rooms, kitchen diner, two bathrooms WC, two en suites
EPC D
Council Tax E
Tenancy Let on a tenancy agreement at £4,500 pcm

Rent reserved
£188,129.88 per annum

Planning
Planning permission was granted by The London Borough of Merton on the 16th November 2018 under planning application reference 15 P1569 for alterations and extensions to create 8 x 1 bedroom flats and 1 x 2 bedroom flat to the upper floors and extension to retail unit

Note Both tenants have expressed a desire for their leases to be extended once the term ends.






Important Notice
For each Lot, a contract documentation fee of £1,500 inclusive of VAT is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, the level below which the property will not be sold , remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co operation in order that there will be no delay in agreeing the sale.
2. General While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built in furniture.
4. Services Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE UK LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY



1. MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co operation in order that there will be no delay in agreeing the sale.
2. General While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built in furniture.
4. Services Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE UK LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY."