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122 Mitcham Rd 511 sq ft Retail Property London SW17 9NH £895,000 (£1,751.47/sq ft)
Investment Highlights
- Secure income stream from established occupier
- Prime location on a busy main road with excellent footfall
- Entire building fully let – no current voids
Executive Summary
The property comprises a ground floor lock-up shop currently fitted out and trading as a restaurant, together with a self-contained three-bedroom split-level flat arranged over the first and second floors.
The entire building is let to a single occupier, who both operates the restaurant on the ground floor and resides in the upper flat, ensuring one point of management and responsibility. The tenant is paying a passing rent of £54,000 per annum, with the lease expiring in 2026.
The entire building is let to a single occupier, who both operates the restaurant on the ground floor and resides in the upper flat, ensuring one point of management and responsibility. The tenant is paying a passing rent of £54,000 per annum, with the lease expiring in 2026.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
511 sq ft
Costar Property Class
C
Year Built
1930
Price
£895,000
Price per sq ft
£1,751.47
Tenancy
Single
Number of Floors
3
Plot ratio
0.59
Total Plot Size
0.02 ac
Frontage
16 ft on Mitcham Road
Amenities
- Bus Route
1 1
Nearby Major Retailers
1 of 7
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122 Mitcham Rd
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