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Wimbledon Chase290 - 302A KINGSTON ROADWimbledon Chase, London, SW20 8LXSouth West London Residential Conversion / Investment Opportunity
290 - 320A Kingston Road Wimbledon Chase, London, SW20 8LXEXECUTIVE SUMMARYLOCATION A mixed use development / investmentopportunity in Wimbledon Chase, SouthWest London.The Property is located on the south side of Kingston Road in Wimbledon Chase, a suburb of Wimbledon in south westLondon. A 0.22 acre (0.09 hectares) site occupiedby a four storey building comprisingfour retail units at ground floor with tenvacant flats (8 x 1 beds and 2 x 2 beds)and vacant office space located acrossthree upper floors. The property benefits from PriorApproval for conversion of the officespace to provide 9 private residentialunits with a Net Saleable Area ofapproximately 402 sq m (4,327 sq ft). Combined Net Saleable Area of existingand proposed residential uses ofapproximately 880 sq m (9,472 sq ft). Prominent high street location oppositeWimbledon Chase National Rail station. For sale freehold subject to the existingtenancies.2Wimbledon Chase is predominantly residential in character, aside from commercial uses located along Kingston Road whichconnects south Wimbledon in the east to Raynes Park and the A3 in the west.Local amenities located along Kingston Road include M&S Simply Food, Tesco Express, Costa Coffee, the Co-Operative Foodand the Nelson Health Centre in addition to a number of independent retailers and restaurants. A more extensive range ofshops, restaurants and leisure facilities can be found in Wimbledon town centre which is located approximately 1.6 km (1 mile)to the north east.The Property has good public transport connections as indicated by its PTAL rating of 3. Wimbledon Chase station is locatedopposite the property on Kingston Road, providing direct services to Wimbledon station (3 minutes) which has excellenttransport links to Central London via the underground (District line) and National Rail services to London Waterloo (19minutes) (source: National Rail). A number of bus routes operate along Kingston Road providing direct access to Wimbledontown centre and Wimbledon Station.
290 - 320A Kingston Road Wimbledon Chase, London, SW20 8LX3DESCRIPTIONThe Property comprises a four storey building within a site extending to 0.22 acres (0.09 hectares). Four retail units occupy the ground floor and there are ten residential flats above, arrangedover the first and second floors at the western end of the building and the entire third floor. The eastern end of the building comprises office space at first and second floor levels which isaccessed via a separate entrance to the existing residential accommodation.The Property is bound to the north by Kingston Road and to the south by the Sunshine Recovery Café. The eastern boundary is formed by the Co-Operative Food Supermarket and thewestern boundary by a mixed use building forming part of the retail parade fronting Kingston Road.The property benefits from 2 parking spaces to the rear and accessed off Kingston Road.Exisiting Office SpaceExisiting BuildingExisiting Residential
290 - 320A Kingston Road Wimbledon Chase, London, SW20 8LX4PLANNINGMETHOD OF SALEThe Property falls within the jurisdiction of the LondonBorough of Merton and is not listed nor is it located within aConservation Area.The property is for sale freehold by way of informal tender (unless sold prior), subject to the current leases. Please see asummary of the current leases below. A full tenancy schedule is available on the dataroom.Prior Approval (Ref: 18/P2570) was granted on 23rd August2018 for: “Change of use from office (Class B1) to nineresidential units (Class C3).”Prior Approval was granted subject a Unilateral Undertakingmaking the development permit free. The schedule ofaccommodation for the proposed scheme is set out below:NSASQ FTAREA(SQ M)AREA(SQ FT)1081,167VACANT1902,045296 Kingston Road- 1st & 2nd Floor OfficesVACANT3934,234298 Kingston Road- Retail Unit 3Derek Messer T/AMagdalen Pine74800302/302a Kingston Road- Retail Unit 4VACANT75809300 Kingston Road - Flat 1VACANT44474300 Kingston Road - Flat 2VACANT66710300 Kingston Road - Flat 3VACANT49527300 Kingston Road - Flat 4VACANT64689UNITTENANT290 Kingston Road- Retail Unit 1Josh Ferdi Gungor t/aGalaxy Café292/294 Kingston Road- Retail Unit 2LEASEEXPIRY (LE)SECURITYOF TENURE21/11/2030YesRENT 14,000(Annual)UNITFLOORBEDSNSASQ MUnit 11147506Unit 21143463Unit 31147506Unit 41143463Unit 51142452Unit 62141441Unit 72150538Unit 82144474Unit 92145484300 Kingston Road - Flat 5VACANT49527Total94024,327300 Kingston Road - Flat 6VACANT44474300 Kingston Road - Flat 7VACANT41441300 Kingston Road - Flat 8VACANT38409300 Kingston Road - Flat 9VACANT41441300 Kingston Road - Flat 10VACANT424521,31914,199TOTAL23/06/2008Yes - tenantholding over 5,000(Monthly)
290 - 320A Kingston Road Wimbledon Chase, London, SW20 8LX5VATThe site is elected for VAT.EPCThere are Energy Performance Certificatesavailable for all parts of the building uponrequest. Ratings vary from B to G.VIEWINGSInternal viewings are strictly by appointment,please contact the sole selling agents to makean appointment.CONTACTFor further information please contact:Andrew Cooper 44 (0) 207 016 3848acooper@savills.comAndrew Cox 44 (0) 207 016 3851acox@savills.comEleanor Hannam 44 (0) 203 320 8211ehannam@savills.comFUTHERINFORMATIONFurther information including technical and legaldocumentation is available at:www.savills.co.uk/kingstonroadIMPORTANT NOTICEMaps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. Crown copyrightlicence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correctaccuracy is not guaranteed.Savills, their clients and any joint agents give notice that:1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere,either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may bemade in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements orrepresentations of fact.2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarilycomprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents andSavills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.Designed and Produced by Savills Marketing: 020 7499 8644 October 2018
summary of the current leases below. A full tenancy schedule is available on the dataroom. UNIT TENANT LEASE EXPIRY (LE) SECURITY OF TENURE RENT AREA (SQ M) AREA (SQ FT) 290 Kingston Road - Retail Unit 1 Josh Ferdi Gungor t/a Galaxy Café 21/11/2030 Yes 14,000 (Annual) 108 1,167 292/294 Kingston Road - Retail Unit 2 VACANT 190 2,045
