Property photos
Just added
£250,000
(£413.22/sq. ft)
Restaurant for sale
Streatham Road, Mitcham CR4605 sq. ft
Local area information
Property location
Nearby amenities
- Links Primary School 0.3 miles
- Beecholme Primary School 0.3 miles
- Tooting 0.4 miles
- Mitcham Eastfields 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Furzedown, Tooting and Streatham Park to find out more about the local area.
Features and description
Investment Consideration:
Gross Initial Yield: 7.68%
Rental Income: £19,200 p.a.
VAT is not applicable to this property
Comprises mid-terrace ground floor takeaway shop
Situated on the well-connected A216 (Streatham Road), within close proximity to multiple bus routes and Tooting Broadway Underground Station. Nearby occupiers including Tesco Express, a Post Office, a barber shop, a public house, and various independent businesses.
Property Description:
Comprises ground floor takeaway, providing the following accommodation and dimensions:
Ground Floor: 56.19 sq m (605 sq ft)
Open plan seating, counter, kitchen, storage, wc
Tenancy:
The property is at present let to an Individual t/a Takeaway from 23rd May 2024 until 7th January 2036 at a current rent of £19,200 p.a. And the lease contains full repairing and insuring covenants. Rent review on 8th January 2028 and 2032 open market upward only. No breaks.
Tenure:
Virtual Freehold. To be held on a new 999-year lease from completion at a ground rent of peppercorn.
Location:
Mitcham is a suburban district in the London Borough of Merton, situated approximately 8 miles south of Central London. The area benefits from excellent road links via the A217 and A236, providing access to the A3 and South Circular. Mitcham Junction station offers National Rail and Tramlink services, connecting to Central London and Croydon. The property is located on Streatham Road (A216), a busy arterial route connecting Mitcham with Streatham and Tooting. The surrounding area comprises a mix of local independent retailers, convenience stores, and residential developments. Nearby occupiers include Tesco Express, Costcutter, and a number of cafés, pharmacies, and retailers.
Gross Initial Yield: 7.68%
Rental Income: £19,200 p.a.
VAT is not applicable to this property
Comprises mid-terrace ground floor takeaway shop
Situated on the well-connected A216 (Streatham Road), within close proximity to multiple bus routes and Tooting Broadway Underground Station. Nearby occupiers including Tesco Express, a Post Office, a barber shop, a public house, and various independent businesses.
Property Description:
Comprises ground floor takeaway, providing the following accommodation and dimensions:
Ground Floor: 56.19 sq m (605 sq ft)
Open plan seating, counter, kitchen, storage, wc
Tenancy:
The property is at present let to an Individual t/a Takeaway from 23rd May 2024 until 7th January 2036 at a current rent of £19,200 p.a. And the lease contains full repairing and insuring covenants. Rent review on 8th January 2028 and 2032 open market upward only. No breaks.
Tenure:
Virtual Freehold. To be held on a new 999-year lease from completion at a ground rent of peppercorn.
Location:
Mitcham is a suburban district in the London Borough of Merton, situated approximately 8 miles south of Central London. The area benefits from excellent road links via the A217 and A236, providing access to the A3 and South Circular. Mitcham Junction station offers National Rail and Tramlink services, connecting to Central London and Croydon. The property is located on Streatham Road (A216), a busy arterial route connecting Mitcham with Streatham and Tooting. The surrounding area comprises a mix of local independent retailers, convenience stores, and residential developments. Nearby occupiers include Tesco Express, Costcutter, and a number of cafés, pharmacies, and retailers.
More information
Listed by
Blue Alpine Partners
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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.