Auction House London

Lot 13

Residential Development - Commercial Property 

94-98 Merton High Street

South Wimbledon, London, SW19 1BD

Unsold, the last bid was £2,390,000. Please refer to Auctioneer for Reserve

A Substantial Development Opportunity Currently Arranged as Three Mixed Use Buildings, a Detached Office Building and a Row of Three Garages Offered with Planning Submitted for Conversion to Provide 9 Self-Contained Units (Potential for Further Development, Subject to Obtaining all Consents)

Description

The site comprises of three mid-terrace mixed use buildings similarly arranged to provide a ground floor commercial unit, and a three bedroom split level maisonette arranged over ground, first and second floors in each building.

Tenure

The site is held on three separate Freehold Titles

Location

The property is situated in the sought after South West London area of Wimbledon close to local shops and amenities. Transport links are provided by Wimbledon rail station (Overground) and South Wimbledon (Northern Line) underground station.

Accommodation

94/96/98 Merton High Street
Ground Floor
3 x (B1) Offices
2 x Self-contained Studios with gardens
1 x Kitchen/Diner with access to garden
(Potential for further development)

First Floor
3 x Three Bedrooms
3 x Bathrooms

Second Floor
3 x Reception Rooms
3 x Kitchens

Building on Hotham Road Mews
Ground Floor
1 x Detached Office, Kitchenette & WC
(Potential for further development)

Exterior

The properties benefits from a block of three garages.

Tenancy

94a and 96a Merton High Street are subject to Assured Shorthold Tenancies, please refer to the legal pack for further details.

Proposed Accommodation

Floor Proposed Accommodation
Ground Detached Office with Potential for Further Development (Subject to Planning)
Ground 2 x Self-Contained Studio Flats
3 x Self-Contained One Bedroom Flats
First & Second 3 x Self-Contained Three Bedroom Split Level Flats with Roof Terraces
Planning Reference Planning Description
20/P1994 - Granted on 03/09/2020 Prior Approval for B1 to C3 for 94-98 Merton High Street
20/P2897 - Granted on 12/01/2021 Planning Permission for Studios to 1 Beds for 96-98 Merton High Street
20/P3667 - Submitted on 20/01/2021 Planning Permission for Front Elevations Ground Floor for 94-98 Merton High Street
21/P0540 - Submitted on 25/02/2021 Planning Permission for Alterations to Rear Building for 94 Merton High Street
Submitted on 03/03/2021 Planning Permission for Roof Terraces at 2nd floor for 94-98 Merton High Street

Joint Agent

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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