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242-244 London Rd 3,500 sq ft Retail Unit Offered at £535,000 in Mitcham CR4 3HD
INVESTMENT HIGHLIGHTS
- Mainly open space
- The property benefits from (E use) The town and county planning changes introduced 1st September 2020
PROPERTY FACTS
| Total Property Size | 3,500 sq ft | Typical Floor Size | 3,500 sq ft |
| Property Type | Retail (Unit) | Year Built | 1963 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.25 ac |
| Floors | 4 |
| Total Property Size | 3,500 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 3,500 sq ft |
| Year Built | 1963 |
| Tenancy | Single |
| Total Plot Size | 0.25 ac |
AMENITIES
- 24 Hour Access
- Security System
- Signage
- EPC - C
- Smoke Detector
1 UNIT AVAILABLE
Unit 1
| Unit Size | 3,500 sq ft | Unit Use | Retail |
| Price | £535,000 | Sale Type | Investment |
| Price Per sq ft | £152.86 | Tenure | Freehold |
| Unit Size | 3,500 sq ft |
| Price | £535,000 |
| Price Per sq ft | £152.86 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
Ground floor shop of approximately 3500sq ft mainly open space trading as Cafe Restaurant/Bakery with seating. Recently refurbished by the tenant to a high standard. Presently let on a 10-year (FRI) lease dated from 5th December 2022 with tenant option to break on fifth anniversary of the lease.
SALE NOTES
Ground floor shop for sale. The rent for the leased space is £30,000 per annum exclusive. 999 virtual freehold sale will be subject to existing leases.
The premises are located on the west side of busy London road on the corner with Sibthorpe Road, and between the junction with Upper Green West and the A217 Holborn way. Occupiers close by include Morrisons, Halifax, Boots and a mix of local traders.
NEARBY MAJOR RETAILERS
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242-244 London Rd
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