General overview: Two adjacent freehold properties for sale as an investment, comprising a total rental income of £90,600 per annum from two tenanted commercial units and ground-rent from six flats above which have been sold off on long leases.
The properties are located in a prominent corner position in Central Wimbledon on Hartfield Road, close to the junction with Wimbledon Bridge, opposite a Next store, and very close to Wimbledon mainline underground/overground/tram station and associated bus connections. More information on request.
Tenancy & Rental Income Details
4 Hartfield Road, SW19 3TA
A1 shop (around 850ft²/79m²) let to a hair salon on a 25 year lease (commenced Feb 1998) with rent reviews every 5 years.
Rent of £45,000 per annum.
6 Hartfield Road, SW19 3TA
A3 shop (860ft²/80m²) let to a Subway franchisee on a 15 year lease (commenced Dec 2006) with rent reviews every 5 years.
Rent of £45,000 per annum.
Flats Above
Six flats, sold off on a 99 year lease (commenced Dec 1993), each producing a ground rent of £100 per annum each.
Total Ground Rent of £600 per annum.