Lot 40 details
6 Week completion
Occupying a busy trading position close to the junction with Kings Avenue amongst a variety of local traders and multiples such as McDonald's, Waitrose, Boots Opticians, Peacocks, NatWest, HSBC, William Hill, Lloyds Bank, Specsavers, and many others.
New Malden lies approximately 6 miles south-east of Richmond and 12 miles south-west of central London with excellent road links via the A3.
A mid terrace building comprising a Ground Floor Coffee Shop with a separate rear access to a Self-Contained Flat on the first and second floors. In addition the property includes a Rear Yard with parking for approx. 2 cars, accessed via a service road at the rear.
Ground Floor Coffee Shop
Gross Frontage 19'10"
Internal Width 18'3"
Shop Depth 47'10"
Built Depth 56'7"
Sales Area Approx. 810 sq ft
Store Area Approx. 120 sq ft
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Kyeong Ja Park as a Coffee Shop for a term of 10 years from 23rd October 2012 at a current rent of £35,000 per annum exclusive.
Rent Review October 2017 (Outstanding)
Note 1: £17,500 Rent Deposit Held.
Note 2: There is clear potential to extend at the rear, subject to obtaining planning and possession.