1 The Market is a 2-storey end of terrace mixed-use property that is brick built with a part pitched and part flat roof. The property is located on a secondary retail parade on a through road that runs between Carshalton and Lower Morden in the London Borough of Merton. The property is located directly next door to the 700-bed St. Helier University Hospital and 4-bed Queen Mary's Hospital for Children.
At ground floor level, the property is understood to be consented for planning use class E (general commercial) and measures c. 2,120sqft internally. The property is currently configured and owner/operated as a licensed restaurant (New World Chinese Restaurant) with a layout comprising seating area/bar (100 covers) at the front of the property and towards the rear customer WC's, laundry/storage area, cold room and kitchen. There is a small yard at the rear of the property that has a parking space for 1 x vehicle accessed off a service road at the rear of the parade. The existing restaurant currently benefits from a licence for the supply of alcohol from Merton Council.
Under use class E, other potential uses include, retail, offices, professional services, clinics, salons and indoor fitness.
At first floor level, the property is understood to be consented for planning use class C3 (dwelling premises) and configured as a self-contained 4-bedroom staff accommodation (shared bathroom) measuring c. 818sqft internally that is currently occupied by restaurant staff. The staff accommodation not self-contained and only currently accessible via the ground floor commercial unit. There is also potential to self-contain the staff accommodation and extend into the loft (stpp).
The freehold of the property is being sold with full vacant possession. The fixtures and fittings of the existing restaurant may be included in the sale by negotiation.
