No longer on the market
This property is no longer on the market
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Property
Key information
Features and description
- Freehold ground floor shop with basement and three flats (sold off - see legal pack)
- Let to Bank of Baroda (UK) Limited
- Popular London location
- Suit investors
- Attractive yield and asset management opportunities
- Total current rent received £45,600 per annum
- Online Auction on Wednesday, 27 March 2024
The property comprises a five storey mid terrace (including basement) building arranged as a ground floor and basement bank/retail unit with residential accommodation to the remainder, situated on a busy main road and local shopping parade.
The ground floor is trading as a Bank of Baroda and is arranged as retail, offices, WC with additional storage, kitchen and WC at basement level - ground floor 87.1 sq m (938 sq ft) and basment 75.5 sq m (813 sq ft). The remainder of the property is arranged as X3 self contained flats that have been sold off on long leases. Please refer to the legal pack.
Location:
Tooting is a district of South London within the London Borough of Wandsworth and partly in the London Borough of Merton. It is located approximately 5 miles south west of Central London and positioned south of Balham, north east of Wimbledon and west of Streatham. Transport links are good with Underground services via the Northern line at Tooting Broadway and Tooting Bec and National Rail services at Tooting station with direct links to London Blackfriars and other regional destinations. Tooting is located on the A24 which forms the main High Street between Tooting Bec and Tooting Broadway and continues northwards towards Balham and southwards towards Colliers Wood. The A214 crosses the A24 at Tooting Bec which connects Wandsworth to its north west and Streatham to its east. Local amenities are provided along Tooting High Street/Mitcham Road with various shops, food outlets and banks. St George’s Hospital is also located in Tooting and outdoor amenity space is available at Tooting Common. The property is situated on the eastern side of Upper Tooting Road, between its junctions of Foulser Road and Topsham Road. Tooting Bec underground station is within a short walk (160 metres) providing services on the Northern line. Upper Tooting Road (A24) provides road connections into Central London or out to the South Circular Road.
Online Auction on Wednesday, 27 March 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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