Merton High Street Pod 1 Merton High Street, Colliers Wood, Greater London, SW19 1DD
The available unit is located within the foyer of the Sainsburys Superstore adjacent to the Car Park entrance/exit.
Explore Completely Retail’s database to discover available shops and retail units to rent in Mitcham. Filter your search by shop size, rent or use class to find your ideal vacant restaurant, shopping centre unit or high street shop.
size:
rent:
The available unit is located within the foyer of the Sainsburys Superstore adjacent to the Car Park entrance/exit.
Prime South West London Leisure Park Investment. Park Place Retail are marketing this prime South West leisure park, the salient details of which are:- Zone 3 London location - located in a prominent position on the A24 Merantun Way in Colliers Wood, just 8 miles from Central London. Prime pitch - the scheme is centred in the prime retail and leisure pitch in Colliers Wood. Large and affluent population - just under 50,000 people live within a 5 minute drive time of the subject property, extending to over 415,160 people within 15 minutes, with 46% classified as the highest affluence group ‘City Prosperity’. Diverse tenants - the scheme comprises two A3 units let to KFC and Pizza Hut, a Premier Inn hotel and a Nuffield Health gym with a swimming pool. Income - the property produces a rental income of £1,879,773 per annum. Long WAULT - over 11 years to expiry. Short term uplifts in income - 44% of the income is guaranteed to increase before October 2024. Premier Inn - they form 38% of the income with around 20 years unexpired, and CPI uplifts capped at 4% per annum compounded. Site - a large site area of 2.75 acres, and unusually high number of car parking spaces; 198, for a zone 3 location due to surface level and undercroft car parking. Freehold - predominantly freehold, with 2 long leasehold areas. Asset management potential - immediate term asset management angles and long term redevelopment potential to residential. Offers are invited in excess of £25,160,000. (Twenty Four Million, Three Hundred Thousand Pounds), subject to contract and exclusive of VAT, allowing for purchaser’s costs of 6.74%. This reflects a net initial yield of 7.00%, rising to 7.46% in September 2024, based on the Pizza Hut fixed uplift and Premier Inn predicted uplift based on CPI capped at 4%.
This is the prime retail warehouse destination in the London Borough of Merton. Occupiers include; Currys/PC World, Aldi, Dunelm, Burger King and Greene King public house.
The subject property occupies a prominent position on Christchurch Road in Colliers Wood. Colliers Wood Underground Station (Northern Line services) is located a short walk away from the property. Christchurch Road is an area predominantly made up of established independent retailers and restaurants. Multi-national tenants within the immediate vicinity include Co-Operative Foods, Costa and Ladbrokes. The unit is arranged over Ground Floor only.
A retail shop To Let in London Road, Mitcham. Other retail properties in the immediate vicinity include Age UK Local Services, British Heart Foundation Furniture & Electrical and Realeyes.
A retail shop To Let in London Road, Mitcham. Other retail properties in the immediate vicinity include The Co-Operative Funeralcare, Scope and Lloyds Bank.
A retail shop To Let in Morden Road, Mitcham. Other retail properties in the immediate vicinity include Mitcham Fire Station, Mitcham Tram Stop and Nisa Local.
A retail shop To Let in Greyhound Lane, London. Other retail properties in the immediate vicinity include Post Office, Sainsbury's Local and Morley's.
A Leisure unit To Let.