Back to current instructions

The Broadway, Wimbledon, London SW19

COMMERCIAL INVESTMENT AND RESIDENTIAL DEVELOPMENT OPPORTUNITY LOCATED IN PRIME SOUTH-WEST LONDON
For sale
  • An exciting opportunity to purchase a commercial investment and residential development opportunity located in the heart of Wimbledon, south-west London.
  • The property is located at the centre of Wimbledon Broadway, 0.2 miles from Wimbledon Station.
  • The existing building is arranged as a vacant commercial premises on the ground floor with ancillary uppers. The building currently measures 3,896 sq ft.
  • Agreement for lease signed for the ground floor commercial premises to the tenant Chik’n, which is owned jointly by the Sir Charles Dunstone Investment fund (frestonventures.com/ventures) and the Chicken Shop (chickenshop.com) a brand owned by Soho House.
  • The tenant has recently rebranded as the Chicken Shop (chickenshop.com).
  • Lease to be a 15 year term with a mutual break at year 10 with an annual rent of£140,000, with 5 yearly rent reviews (copy of lease available upon request).
  • Planning Permission has been granted for conversion of the existing ancillary uppers and new build to the rear to create a total of 4 apartments.
  • The conversion element will comprise 1 x 2-bed (759 sq ft) and 1 x 3-bed (1,097 sq ft).
  • The new build element to the rear will consist of 1 x 1-bed (670 sq ft) and 1 x 2-bed (812 sq ft).
  • CIL Liability – £57,165.75.
  • Freehold.
  • The property is elected for VAT.
  • Asking Price: OIEO £3,000,000 (Three Million Pounds) subject to contract.
View our current instructions or download our track record
View current instructions Download track record