- Freehold commercial investment on busy Morden high street
A rare freehold investment on Morden High Street, 56 London Road offers a substantial commercial footprint across two floors (approx. 1,367 sq ft) with an existing 20-year lease in place. The ground-floor retail unit is occupied by a national-style operator (trading as Wimpy) paying £28,000 pa, rising to £33,000 pa from March 2027, with open market rent reviews every five years — delivering immediate, contracted income for a buyer seeking cashflow.
The building blends early-20th-century brick frontage with a largely modern internal layout that includes a kitchen/freezer and store rooms. The commercial element holds a strong EPC (A-24), though the maisonette above is rated D. The property is positioned on a busy high street with excellent transport links, broad local amenities and good nearby schools, supporting long-term tenant demand.
Notable negatives are clear and material: the property requires internal renovation in places, the plot is small with limited external space, and the area records higher crime levels — factors that may affect operating costs and management. The sale is subject to the existing lease, so purchasers should review lease terms, planned rent increases and the open-market review timetable. Viewings and further due diligence are advised to confirm condition, services and any remedial work needed.
This opportunity suits an investor seeking a long-let, freehold high-street asset with immediate income and future reversion potential at review points. Owner-occupiers should note the existing tenancy and likely need for capital works before repurposing.
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