Commercial Unit with 2 x Flats Above, 287 Mitcham Road, Tooting, SW17 9JQ
2,208 Sq Ft / Retail / Mixed Use
For Sale
- £800,000.00
Available - Last updated: 17 December 2024
Freehold investment for sale comprising vacant ground floor commercial unit previously occupied and run as a hair and beauty salon and two x flats above let on ASTs.
Location
Mitcham Road is conveniently located for the many cafes, restaurants and bars of Mitcham Road and Furzedown Village and is beautifully complimented with a vast array of transport links with Tooting Overground and Tooting Broadway Underground Stations a short walk away.
Nearest BR Station: Tooting Rail station is 400 ft away providing Thameslink services
Nearest Underground Station: Tooting Broadway providing northern line services
Accommodation
Ground Floor Commercial: 819 sq ft (77 sqm)
First Floor 2 bed flat with balcony: 709 sq ft (65.9 sqm)
Second Floor: 2 bedroom flat with balcony: 680 sq ft (63.2 sqm)
Terms
Tenancy:
Ground Floor Commercial: Vacant ERV £25,000 pa
First Floor 2 bed flat with balcony: Let on an AST @ £1,800 pcm - Section 21 notice served expiring 31st January 2025
Second Floor: 2 bedroom flat with balcony: Let on an AST @ £1,800 pcm - Section 21 notice served expiring 31st January 2025.
The seller has an offer for both flats at £2,000 pcm each guaranteed rent 3 year contract
Combined ERV £73,000 pa
Terms - Guide Price £800,000
Specification
- Shop & Uppers
- Investment For Sale
- Income Producing
- Busy Location
- GF Currently Vacant
- 2 x Flats above
- Section 21 notices served
- ERV £73,000 p/a
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| Guide Price |
For Sale Freehold
|
£800,000.00
| NA |
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