12 Abbotsbury Road, Morden, Surrey, SM4 5LQ

  • Unconditional Online Auction Sale
  • Guide Price* : £25,000
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1

For Sale by online Auction, a leasehold mixed-use property comprising a ground floor retail unit and a self-contained first floor studio apartment in Morden, Surrey. Bidding opens Wednesday 18th November at 10:00am.

Description

An opportunity to acquire a leasehold mixed-use property comprising a ground floor retail unit and a self-contained first floor studio apartment, offering potential for investors seeking an established rental income alongside the opportunity to generate additional income.

The ground floor retail unit is currently let at £550 per calendar month (£6,600 per annum), providing an existing income stream. The first floor studio apartment is currently vacant and has recently undergone renovation works by the current owners, including the installation of double-glazed windows, a kitchen, bathroom and ceiling insulation. The accommodation offers the incoming purchaser the opportunity to explore its rental potential, subject to any necessary requirements.

The property is situated on Abbotsbury Road in Morden, an established South London location benefiting from a range of local shops, supermarkets, cafés and everyday amenities. Morden town centre and Underground station are within easy reach, providing Northern line connections towards Central London. The area also benefits from nearby green spaces, including the popular Morden Hall Park.

Leasehold Information and Important Notice to Purchasers:
The property is held on a leasehold basis, with the lease commencing on 29 September 1931 for a term of 99 years, due to expire on 28 September 2030. On this basis, approximately 3 years and 11 months remain on the lease as at October 2026.

The freeholder is believed to be the London Borough of Merton Council. We are informed that there is currently no ground rent payable and no annual maintenance charge; however, prospective purchasers should verify this information through their own legal enquiries and examination of the legal pack.

All prospective purchasers are strongly advised to obtain independent legal and professional advice regarding the remaining lease term, the availability and feasibility of a lease extension, and any associated premiums, legal fees, valuation fees or other costs that may arise. Purchasers must satisfy themselves as to all matters relating to the leasehold interest prior to bidding.

Disclaimer:
OLAPA LTD HAVE NOT INSPECTED THE PROPERTY. PHOTOS PROVIDED BY THE VENDOR.

Tenure:
Leasehold (Approximately 3 years and 11 months remain on the lease as at October 2026)
EPC Rating: E (40)

UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a 5%+VAT (subject to a minimum of £5,500+VAT) buyer's premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

PRE AUCTION OFFERS ARE CONSIDERED
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

SPECIAL CONDITIONS
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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  1. Generally speaking, Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
  2. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  3. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  4. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  5. Services: Please note we have not tested the services or any of the equipment or appliances in any property marketed with ourselves, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  6. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS. NEITHER OLAPA LTD NOR ANY OF ITS EMPLOYEES OR PARTNER AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS LOT.
  7. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
  8. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by OLAPA Ltd, and OLAPA Ltd will not be held liable for loss or injury caused while viewing or accessing the lot. Electricity maybe disconnected in some properties, therefore viewing times maybe limited to daylight hours. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time changes. OLAPA Ltd will not be liable for any costs or losses incurred due to viewing cancellations or no shows.