Location
The property is located on the A216 (Streatham Road) in Mitcham, near to Tooting Station. Nearby occupiers include Tesco Express and a variety of local operators.
Description/Accommodation
The property comprises a ground floor takeaway currently occupied by Chicken Sky Peri Peri.
There is self contained residential accommodation on two floors above providing four suites let on a HMO basis.
Approximate net internal areas
Ground Floor
56.19 sq m - 605 sq ft
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Please note the property has not been measured these figures having been taken from the Valuation Office Website and any interested party should make their own enquiries.
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Tenancy Details
Ground Floor Let to Chicken Sky Peri Peri on an effective FRI Lease for a period of 18 years at a current rent of £19,200 per annum exclusive.
The upper parts are being let out under an HMO license comprising 5 rooms sharing toilet and kitchen facilities.
The annual income being achieved on the upper parts is £45,000pa.
Terms
The property is available to purchase freehold subject to the existing Tenancy Agreements.
Price
£800,000 plus VAT (if applicable), Subject to Contract.
Business Rates
According to the Government website the property has a Rateable Value of £9,000. The UBR for 2024/25 is 49.9p in the £.
Legal costs
Each party to bear their own legal costs incurred in this transaction,
Energy Performance Certificate
Awaiting Energy Performance Certificate
Benefits include
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
David Sutton
Email: davids@gpcommercial.co.uk
Nick Payne
Email: nickp@gpcommercial.co.uk
Property Misdescriptions Act 1991 Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose
Code of Practice Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk
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