No longer on the market
This property is no longer on the market
MapProperty
Features and description
- Income Producing £16,200 Per Annum
- Located in the Heart of Tooting
A WELL LET COMMERCIAL PROPERTY – INCOME PRODUCING
Pizza Hot 4 you – 282 Mitcham Road, Tooting, London, SW17 9NT
For sale by Auction – Terms & Conditions Apply, Enquire for more details.
Considering offers prior to the auction.
Guide Price: Between £125,000 plus
Description
Great investment property – Pizza shop – classified as A3 on the use class order.
84 square meters are arranged over the ground floor and basement levels. Parade of similar small independent retailers close by. Including a small parcel of amenity land at the basement level. The property in their immediate surrounding is predominantly a mix of commercial and residential properties.
The sites at present benefit from all the usual services including mains water, drainage, and electricity.
Tenancy:
Let with a rent between £1,350 per month
Total Rent Payable £16,200 per annum approximately.
Tenure: Leasehold with 59 years remaining on the current lease and vacant possession.
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.
BUYER’S PREMIUM
Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
About this agent
