High Street Retail Investment
High Street Retail Investment
Mitcham is a popular and densely populated South London suburb, lying some 7 Miles South of London's West end. Monarch Parade is situated on the east side of the busy London Road (A217) close to its junction with Armfield Crescent on London Road. Nearby occupiers in Mitcham include Asda, Morrisons and KFC. The immediate locality is a cosmopolitan Neighbourhood Retail hub with an eclectic mix of local commercial traders.
Virtual Freehold. Held for a term of 999 years from 2022 at a current rent reserved of a fixed peppercorn.
Mitcham is a popular and densely populated South London suburb, lying some 7 Miles South of London's West end. Monarch Parade is situated on the east side of the busy London Road (A217) close to its junction with Armfield Crescent on London Road. Nearby occupiers in Mitcham include Asda, Morrisons and KFC. The immediate locality is a cosmopolitan Neighbourhood Retail hub with an eclectic mix of local commercial traders.
Virtual Freehold. Held for a term of 999 years from 2022 at a current rent reserved of a fixed peppercorn.
The property itself comprises a ground floor retail unit.
VAT is applicable to this lot.
No 73 and No 74 Monarch Parade are being offered for sale as Lots No. 6 and 45.
C
The property itself comprises a ground floor retail unit.
VAT is applicable to this lot.
No 73 and No 74 Monarch Parade are being offered for sale as Lots No. 6 and 45.
C
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review (Reversions) |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 45.87 |
(494) |
FAMILY FOOD CENTRE LTD (CRN 12965174) Guaranteed by H Khalil |
15 years from 09/12/2020 until 2035 | £11,000 |
9/12/2025 and 9/12/2030 (8/12/2035) |
| Total Approximate Floor Area |
45.87 |
(494) (1) |
£11,000 |
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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