Kingston Road, Wimbledon SW20

  Ref 024134    

Kingston Road, Wimbledon SW20

Ref 024134

  • £850,000  

    For Sale

    £850,000  

    For Sale

  • Description

    The premises form part of the ground floor of what is to be a new high spec residential development. The ground floor has been let from January 2020 to a franchise t/as F45 Gyms. The premises have D2 use.

    Gallery

    Area

    Ground floor unit 2200 sq ft (205 sq m)

    Lease

    A new full repairing and insuring lease for a term of 10 years at a commencing rent of £62,000 pa. The lease is within the Landlord & Tenant Act 1954. An upward only rent review at the 5th year of the term. A 6 months rent free period from completion. Lease commencement date January 2020.

    Tenancy

    Let to Streamlined Communications Pte Limited (t/as F45 Gym). There is a 6 month rent deposit held for the term of the lease.

    Tenant Information

    F45 Gyms are a franchise operation trading from approximately 1300 units in 33 countries around the world including 570 in Australia and around 400 in the US.

    Tenure

    To be offered on a new 999 year lease at a peppercorn ground rent.

    £850,000 (eight hundred and fifty thousand pounds) sought for the investment, subject to the tenancy detailed above.

    Location

    Situated on Kingston Road opposite Wimbledon Chase network rail station, which offers fast access to Central London and on to St Albans. The premises form part of a small parade which includes Co-op supermarkets and are directly opposite Tesco Local and Costa Coffee. The premises are also directly opposite the pelican crossing so there is a high footfall from the station at peak times .

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    For Sale

    £850,000