18 Mitcham Road Tooting London SW17 9NA

  • 18 Mitcham Road<br>Tooting<br>London<br>SW17 9NA

18 Mitcham Road
Tooting
London
SW17 9NA

Freehold Amusement Centre and Residential Investment in Popular South West London Suburb

  • Excellent location less than 100 metres from Tooting Broadway Underground Station (Northern Line)
  • Part let to Atlantic Amusements Limited on new lease from June 2019 expiring in August 2034
  • Valuable self-contained 2 bedroom maisonette above let on AST accessed from the front
  • Opposite Primark and close to Aldi, Lidl, Sainsbury's, Iceland, Boots the Chemist,
  • JD Sports, Wilko, McDonald's, Caffè Nero and various banks
  • Busy South West London suburb
  • Lot
    31
  • Auction
    11th July 2019
  • Rent
    £84,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,350,000
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Freehold Amusement Centre and Residential Investment in Popular South West London Suburb

  • Excellent location less than 100 metres from Tooting Broadway Underground Station (Northern Line)
  • Part let to Atlantic Amusements Limited on new lease from June 2019 expiring in August 2034
  • Valuable self-contained 2 bedroom maisonette above let on AST accessed from the front
  • Opposite Primark and close to Aldi, Lidl, Sainsbury's, Iceland, Boots the Chemist,
  • JD Sports, Wilko, McDonald's, Caffè Nero and various banks
  • Busy South West London suburb
  • Lot 31
  • Auction 11th July 2019
  • Rent £84,000 per Annum Exclusive
  • Status Sold
  • Price £1,350,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
3 miles north-east of Wimbledon
6 miles south-west of Central London
Roads
Tooting High Street (A24), A217,
South Circular (A205)
Rail
Tooting Broadway (Underground), Tooting Station
Air
London City & London Heathrow
Situation

Tooting is a busy, popular suburb and commuter area of South West London, six miles south-west of Central London and one mile from Wandsworth Common. The property is located on the southern side of Mitcham Road, in a prime trading position less than 100 metres from Tooting Broadway Underground Station (Northern Line). The property is situated opposite Primark and close to Aldi, Lidl, Sainsbury's, Iceland, Boots the Chemist, JD Sports, Wilko, McDonald's, Caffè Nero and various banks.

Tenure

Freehold. XX

Location
Miles
3 miles north-east of Wimbledon
6 miles south-west of Central London
Roads
Tooting High Street (A24), A217,
South Circular (A205)
Rail
Tooting Broadway (Underground), Tooting Station
Air
London City & London Heathrow
Situation

Tooting is a busy, popular suburb and commuter area of South West London, six miles south-west of Central London and one mile from Wandsworth Common. The property is located on the southern side of Mitcham Road, in a prime trading position less than 100 metres from Tooting Broadway Underground Station (Northern Line). The property is situated opposite Primark and close to Aldi, Lidl, Sainsbury's, Iceland, Boots the Chemist, JD Sports, Wilko, McDonald's, Caffè Nero and various banks.

Tenure

Freehold. XX

Description

The property comprises a three storey building, arranged as a ground floor amusement centre with a self-contained maisonette arranged over the first and second floors, accessed from the front.

VAT

VAT is applicable to this lot.

Completion Period

TBC

EPC

Available from the legal pack at acuitus.co.uk

Description

The property comprises a three storey building, arranged as a ground floor amusement centre with a self-contained maisonette arranged over the first and second floors, accessed from the front.

VAT

VAT is applicable to this lot.

Completion Period

TBC

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Amusement
Centre
198.25 sq m
(2,134 sq ft)
 ATLANTIC
AMUSEMENTS
LIMITED (1)
t/a Vegas Gold		 A term of years
from June 2019
to expire on 7th
August 2034 (2)		 £70,000 Minimum rental uplift to
£75,000 pax or OMV,
whichever is the greater
on 8th August 2024,
then an upward only
open market rent review
on 8th August 2029
First/Second Maisonette
2 bedroom maisonette
 INDIVIDUALS AST for 12
months from
01/12/2016 at
£1,200 pcm
(holding over)		 £14,400 (3)  
Total
Commercial
Area
198.25 sq m
(2,134 sq ft)
     £84,400  

(1) For the year ending 31st March 2018, Atlantic Amusements Limited reported a total net worth of £5,570,443 (Source: Experian Group 12/06/2019).
(2) The lease provides a tenant option to determine on 7th August 2029.
(3) Annual Equivalent Rent.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Fox Lloyd Jones Carlton Tower, 34 St. Paul's Street
Leeds
LS1 2QB
Rob Thompson 0113 243 1133rob.thompson@fljltd.co.uk
Seller's Solicitors
Gateley Plc Knightsbridge House, Lower brown Street
Leicester
LE1 5NL
Colin Gittus 0116 285 9052colin.gittus@gateleyplc.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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