46-50 Coombe Lane
Raynes Park, Wimbledon
London
SW20 0LA

Freehold Retail and Residential Investment with Asset Management and Development Opportunities

  • Comprises a Deli/Coffee Shop, a Restaurant, a Charity Shop and three separately accessed 2 bed flats
  • Opposite Raynes Park Railway Station
  • Asset management opportunities including break up potential
  • Pre-application approval to add additional floor for 3 additional flats (circa 2,000 sq ft)
  • Change of use potential without planning permission (Subject to leases)
  • Nearby retailers include Waitrose,
  • Co-operative Food, Greggs, Starbucks, Boots and a number of independent restaurants and pubs
  • Fashionable and Affluent South-West London Suburb
  • Lot
    6
  • Auction
    23/Sep/2020
  • Rent
    £122,700 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,775,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 46-50 Coombe Lane<br>Raynes Park, Wimbledon<br>London<br>SW20 0LA
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  • Photos
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* More information on the term "price" can be found here

Property Information

Location
Miles
3 miles east of Kingston upon Thames,
5 miles south-east of Richmond,
8 miles south-west of Central London
Roads
A3, A24, M25
Rail
Raynes Park Rail Station
(21 mins direct to London Waterloo)
Air
London Heathrow Airport,
London Gatwick Airport
Situation

Raynes Park is an affluent south-west London suburb approximately one mile south-west of Wimbledon Town Centre and Wimbledon Common. The property is prominently located on the north side of the busy Coombe Lane, directly opposite Raynes Park Railway Station. Neighbouring retailers Include Waitrose, Co-operative Food, Greggs, Starbucks, Boots and numerous independent restaurants and pubs.

Tenure

Freehold.

Description

The property comprises a Deli/Coffee Shop, a Restaurant and a Charity Shop on the ground floor and three separately accessed two bed flats on the first floor. The two flats above the Deli and Restaurant are both within each lease and the flat above the charity shop is separately let.

VAT

VAT is applicable to this lot.

Planning

Pre-application approval has been granted by Merton Council to add a second floor comprising three additional flats - Merton Council -www.merton.gov.uk - planning@merton.gov.uk - 020 8545 3777

Note

Floor Plans for Pre-Application for Rear Extension to Ground & First Floor including the Construction of x3 Residential Units to form a New Second Floor available on request.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

No.FloorUseFloor Areas (Approx)TenantTermRent p.a.x
46 GroundFirstDeli/Coffee Shop
Residential
82.25 sq m
2 Bedroom Flat
(885 sq ft)
.
A. PATEL
t/a Raw Deli
(Deli/Coffee Shop)
15 years from
28/11/2006
£35,500
48GroundFirstRestaurant
Residential
102.69 sq m
2 Bedroom Flat
(1,105 sq ft)
A. PATEL
t/a The Olive Garden
(Italian Restaurant)
15 years from
28/11/2006
£37,000
50GroundRetail
72.82 sq m
(784 sq ft)
LITTLE LIVES UK (1)
(Charity Shop)
LTD
15 years from
15/03/2013 with
a rentreview on
15/03/2023
£34,000
(rising to
35,500 on
20/03/2021
50aFirstResidential
2 bedroom flat
TWO INDIVIDUALS1 year Assured
Shorthold Tenancy
from 08/04/2020 at
1,350 pcm
£16,200
Total Commercial
Area

 
257.76 sq m
(2,774 sq ft)
  £122,700

(1) Little Lives UK are a children's charity, with three shops in Raynes Park, Fulham Broadway and Tooting Broadway (www.littlelives.org.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    17.09.20
    File Size
    47 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    760 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Goodman Derrick LLP 10 St Brides
London
EC4A 4AD
Greg Hamlen 0207 421 7911ghamlen@gdlaw.co.uk

Useful Links

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