2 Mithcam Road Tooting Broadway London London SW17 9NA

2 Mithcam Road
Tooting Broadway
London
London
SW17 9NA

Retail and Office Investment

Popular South-West London suburb
Immediately adjacent to Tooting Broadway Underground Station
Neighbouring occupiers include Primark, New Look, Barclays Bank, Caffe Nero and H Samuel
Gross Rent £61,500 per annum exclusive Net Rent £60,950 per annum exclusive

Lot
29
Auction
9th December 2010
Rent
£60,950 per Annum Exclusive
Status
Sold
Price
£367,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Retail and Office Investment

Popular South-West London suburb
Immediately adjacent to Tooting Broadway Underground Station
Neighbouring occupiers include Primark, New Look, Barclays Bank, Caffe Nero and H Samuel
Gross Rent £61,500 per annum exclusive Net Rent £60,950 per annum exclusive

Lot 29
Auction 9th December 2010
Rent £60,950 per Annum Exclusive
Status Sold
Price £367,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

6 miles south-west of the West End of London; 7 miles east of Kingston-upon-Thames
Roads: A24, A217, A205 (South Circular Road)
Rail: Tooting Broadway Underground (Northern Line)
Air: London Heathrow

Situation

The property is prominently situated immediately adjacent to Tooting Broadway Underground Station at the major intersection between the A217 and A24. The property is in a strong trading location along with neighbouring occupiers such as Primark, New Look, Barclays Bank, Caffe Nero and H Samuel.

Tenure

Long Leasehold. Long Leasehold Held from London Underground Limited for a term of 99 years from 25th December 1927 until 2026 on a full repairing and insuring lease at a current rent reserved of £550 per annum exclusive

Location

6 miles south-west of the West End of London; 7 miles east of Kingston-upon-Thames
Roads: A24, A217, A205 (South Circular Road)
Rail: Tooting Broadway Underground (Northern Line)
Air: London Heathrow

Situation

Tenure

Description

The property comprises a RETAIL UNIT on the ground floor with ANCILLARY ACCOMMODATION in the basement. The first floor comprises OFFICE ACCOMMODATION which is accessed via Tooting High Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a RETAIL UNIT on the ground floor with ANCILLARY ACCOMMODATION in the basement. The first floor comprises OFFICE ACCOMMODATION which is accessed via Tooting High Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground Basement	Retail Ancillary	80.98 sq m 14.54 sq m	(872 sq ft) (157 sq ft)	INDIVIDUAL (t/a Babosh)	15 years from 17/12/2002 (1)	£49,500	17/12/2012
First	Office	152.66 sq m	(1,643 sq ft)	ROBYN MOIRA LYNCH (t/a Kenwright Lynch and Co Solicitors) (3)	10 years from 25/03/1998 (1)	£12,000	24/03/2018 (Holding over)
Totals		248.18 sq m	(2,672 sq ft)			£61,500

(1) The headlease provides for a rolling option to determine by the Superior Landlord on tendering three months’ notice if London Underground Limited requires the property or any part for any purpose connected with the operation of their railways or any other works or with any present or future buildings of the Landlord.