The property is on a single title with 2 separate detached buildings comprising Car repair / MOT station let on a long lease which expires in 2027 and office space let on short term agreements with 2 months notice required for vacant possession.
Location
The property occupies a prominent corner position along the A217 London Road at its junction with Dennis Reeves Close on the edge of Mitcham Town Centre with quick access to neighbouring Streatham, Tooting & Colliers Wood.
Nearest Stations:
Tooting British Rail Station - 0.5 miles (Thameslink Services)
Colliers Wood Underground Station - 1 mile (Northern Line Services)
Accommodation
Plot size: 0.121 acres
Terms
Tenancies / Income - MOT Station: 20 year lease expires Nov 2027 - Passing Rent £36,000 pa
Occupying the majority of the ground floor space in the front office building, yard space and all units industrial units to the rear.
Private tenants: Short term license agreements with 2 months notice required for vacant possession - Passing rent £24,000 pa let separately to two private individuals.
Total Passing Rent: £60,000 pa.
Planning - Subject to the relevant consents it is felt the site would lend itself to a mixed use or residential development.
Scope also exists for extension / refurbishment works to increase the rental income.
Terms - Guide Price £1,000,000 Freehold
Please be advised that subject to planning offers are not being considered