Mitcham Road SW17
£900,000
Commercial premises: a traditional (shoe shop) family-run business for over 50 years. The premises are subdivided into two parts the display of shoes with a shopfront window. The back is the shoe repairs section with heavy machinery. Premises include a toilet, kitchenette, under-stairs storage, and outside space covered with a flat roof.
First floor: 1 bed flat, newly refurbished and rented out at £1,350pcm. Total Internal area approx. 326sqft.
Top floor: 1 bed flat achieving a lower rent in today’s market at £1,150.00pcm. Total internal area of approx. 454sqft.
Potential to add value - STPP – by building over the extended rear aspect of commercial premises. In addition, there is the potential to increase gross rental yield by adding a leaseholder to the shop.
The building is in a great location on Mitcham Road within walking distance of Tooting Broadway Northern Line tube station.
There’s no VAT on the purchase of this building, and the collective building, including the premises, are bought on a FREEHOLD basis.
Tenure: Freehold
First floor: 1 bed flat, newly refurbished and rented out at £1,350pcm. Total Internal area approx. 326sqft.
Top floor: 1 bed flat achieving a lower rent in today’s market at £1,150.00pcm. Total internal area of approx. 454sqft.
Potential to add value - STPP – by building over the extended rear aspect of commercial premises. In addition, there is the potential to increase gross rental yield by adding a leaseholder to the shop.
The building is in a great location on Mitcham Road within walking distance of Tooting Broadway Northern Line tube station.
There’s no VAT on the purchase of this building, and the collective building, including the premises, are bought on a FREEHOLD basis.
Tenure: Freehold
Features
- Freehold Building
- Prime Location
- Great potential STPP
- Close to Tooting Broadway tube station
- Income Producing Rental Income
- VAT applicable - No
Reference: CS0001
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
Arrange a Viewing
To arrange a viewing for this property, please call us on 020 8870 5800, or complete the form below:
Required fields are marked with *