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21 Upper Green E 377 sq ft Retail Property Mitcham CR4 2PE £290,000 (£769.23/sq ft) 3.44% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Lots of Natural Light
- Great transport links
- Heavy Day Time Foot Traffic
EXECUTIVE SUMMARY
Located in Mitcham town centre within a parade of shops off the one-way system. Near to multiple shops including the town centre shopping
area. Walking distance to dense residential developments.
The 3 floor building is made up of a food takeaway on the ground floor and a flat on the upper floors. The first and second floors consists of a vacant 2 floor flat requiring modernisation throughout. Access to the flat is from the rear of the building via the side alleyway. There is a large garden at the rear with potential to build an extension, subject to obtaining planning consent.
Ground floor: Expired FRI lease holding over since November 2024 on a rent of £10,000 per annum. The lease is subject to the Landlord and Tenant Act 1954. The energy performance certificate (EPC) expired in November 2024 and had a rating of C.
First floor and Second Floor: Vacant. EPC rating D (66).
Measurements (approximate):
Gross Internal Area 105m² (1131ft²)
Ground floor: Ghanaian Food Takeaway
1st & 2nd floor: 2 Bedroom Flat Development Potential
Potential to add a rear extension, subject to planning.
area. Walking distance to dense residential developments.
The 3 floor building is made up of a food takeaway on the ground floor and a flat on the upper floors. The first and second floors consists of a vacant 2 floor flat requiring modernisation throughout. Access to the flat is from the rear of the building via the side alleyway. There is a large garden at the rear with potential to build an extension, subject to obtaining planning consent.
Ground floor: Expired FRI lease holding over since November 2024 on a rent of £10,000 per annum. The lease is subject to the Landlord and Tenant Act 1954. The energy performance certificate (EPC) expired in November 2024 and had a rating of C.
First floor and Second Floor: Vacant. EPC rating D (66).
Measurements (approximate):
Gross Internal Area 105m² (1131ft²)
Ground floor: Ghanaian Food Takeaway
1st & 2nd floor: 2 Bedroom Flat Development Potential
Potential to add a rear extension, subject to planning.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
377 sq ft
Costar Property Class
B
Year Built
1987
Price
£290,000
Price per sq ft
£769.23
Yield
3.44%
NOI
£9,976
Tenancy
Single
Number of Floors
3
Plot ratio
0.14
Total Plot Size
0.06 ac
Frontage
22 ft on Upper Green East
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21 Upper Green E
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