Retail Space for sale in Morden

View the "CSJ are pleased to offer on the market this extremely well positioned, corner plot, with excellent glass frontage, ground floor A1 retail shop premises." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Imran Ahmed (Nov 2014)
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Leasehold Price: £50,000
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Business Description
CSJ are pleased to offer on the market this extremely well positioned, corner plot, with excellent glass frontage, ground floor A1 retail shop premises. GIA approx: 180.2m²/1939.7ft². 10 Year Leasehold Assignment with 1 year unexpired. Renewable. The lease is inside the Landlord and Tenant Act. The property currently trades as Hamseys Furniture Shop which has been well established for the last 7 years and comprises main shop floor, kitchenette and WC. Rear pedestrianised only access. Mains electric. (no gas or boiler). The current tenants also pay an additional £800 pa to the Local Authority for a Street Trading Licence for a 10 metres trip outside the premises. Rent: £37,000 pa. PREMIUM: Negotiable. £50,000. Offers invited!

Excellent, dominant, location being situated right on the roundabout with parking/loading bays available between 10.00 am till 4.00 pm. Plenty of parking within the local vicinity.

Business Rates: The property has a Rateable Value of: £34,750 with actual rates payable of; £15,749.50 per annum. New businesses may be able to apply for discount (Transitional Relief).

The ingoing tenant should be prepared to pay one quarters rent in advance along with one quarters rent to be paid and held as a security deposit.

The current tenant pays their rent monthly as opposed to quarterly. They have not been served any rent increases throughout the entirety of their lease although the rent reviews are 5 yearly.

Rent: £37,000 per annum. PREMIUM is Negotiable: £50,000.
Tenure: Leasehold

Location Details:

Excellent, dominant, location being situated right on the roundabout with parking/loading bays available between 10.00 am till 4.00 pm. Plenty of parking within the local vicinity.

Leasehold Term: 37000

Listed by: csj estate agents
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