C.S.J Property Agents offer this Town Centre Investment / development opportunity comprising ground floor A3 premises with two floors of residential above.
Details - LOCATION
The property is situated on the A217 which is a busy High Street in the heart of Mitcham Town Centre surrounded by a range of retail outlets and eateries.
Wimbledon, Sutton, Streatham, Croydon, Tooting and Morden all surround the area and are easily accessible which provides further High Street retailers, bars, restaurants and small boutiques.
The closest BR station is Mitcham Eastfields approximately 0.6 miles away where trains will take commuters to London Victoria within 30 minutes
Colliers Wood Northern Line Underground Station is just over 1 mile or a short bus ride DESCRIPTION
Town Centre Investment / development opportunity comprising ground floor A3 premises with two floors of residential above accessed from the front
The ground floor restaurant is let on a new 10 year lease (a copy is available upon request) at a passing rent of
£15,000 per annum.
The flat above has been partially let (top floor blocked off) on an AST at a low rent of £1,000 pcm. We are informed by our client that this tenancy has expired and 2 months notice must be served for them to vacate.
We are inviting offers in excess of £595,000 for the Freehold
please note that conditional offers are not being considered at this time VAT
We understand VAT is not payableLEGAL COSTS
Each Party to cover their own legal costs PLANNING
We strongly feel that with the relevant consents the two floors above could be extended / converted and made into 2 / 3 flats or a large HMO unit.
Disclaimer: CSJ, our clients and any joint agents give notice that:
1) They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2) Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building, regulation or other consents and CSJ have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. VIEWING
Interested parties can visit the restaurant as a paying customer but we ask that the matter is not discussed with the staff.