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Property

Auction
Property
Added > 14 days

Key information

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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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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
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BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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