Property for sale
Property description & features
- Tenure: Leasehold (59 years remaining)
- Income Producing £18,000 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 auction.
Guide Price: Between £180,000 plus
Description
Great investment property – Pizza shop – classified as A3 on the use class order.
84 square metres arranged over ground floor and basement levels. Parade of similar small independent retailers close by. Including a small parcel of amenity land at basement level. The property in their immediate surrounding are predominantly a mix of commercial and residential properties.
The sites at present benefit from all the usual services including mains water, drainage and electricity.
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.
Tenancy:
Let with a rent between £1,400 and £1,500 per month
Total Rent Payable £18,000 per annum approximately.
Tenure: Leasehold with 59 years remaining on the current lease and vacant possession.
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.
Places of interest
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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