74 Monarch Parade, London Road (A217) Mitcham London CR4 3HB

74 Monarch Parade, London Road (A217)
Mitcham
London
CR4 3HB

High Street Retail Investment

Let to J Lenihan t/a Jens Junk with Guarantee until 2026 (subject to option)
Comprises a Ground Floor Shop
Popular and Cosmopolitan South West London suburb
Situated in a busy Neighborhood Parade
Prominent position 1 mile from Colliers Wood Underground Station

Lot
45
Auction
15th December 2022
Rent
£12,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction
Octopus Bridging Loan
To be confirmed

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High Street Retail Investment

Let to J Lenihan t/a Jens Junk with Guarantee until 2026 (subject to option)
Comprises a Ground Floor Shop
Popular and Cosmopolitan South West London suburb
Situated in a busy Neighborhood Parade
Prominent position 1 mile from Colliers Wood Underground Station

Lot 45
Auction 15th December 2022
Rent £12,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 7 Miles South of London's West End, 2.5 Miles South-East of Wimbledon, 3 .5 Miles South-West of Clapham
Roads: A23, A24
Rail: Colliers Wood Underground Station
Air: London Heathrow Airport, London Gatwick Airport

Situation

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. 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.

Tenure

Virtual Freehold. Held for a term of 999 years from 2022 at a current rent reserved of a fixed peppercorn.

Location

Miles: 7 Miles South of London's West End, 2.5 Miles South-East of Wimbledon, 3 .5 Miles South-West of Clapham
Roads: A23, A24
Rail: Colliers Wood Underground Station
Air: London Heathrow Airport, London Gatwick Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from 2022 at a current rent reserved of a fixed peppercorn.

Description

The property comprises a ground floor retail unit.

VAT

VAT is applicable to this lot.

Note

No 73 and No 70 Monarch Parade are being offered for sale as Lots No. 6 and 20.

EPC

EPC Rating - C

Description

The property comprises a ground floor retail unit.

VAT

VAT is applicable to this lot.

Note

No 73 and No 70 Monarch Parade are being offered for sale as Lots No. 6 and 20.

EPC

EPC Rating - C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	44.44	(475)	J Lenihan Guaranteed by K Taylor (T/A Jens Junk)	5 years from 24/06/2021 (2)	£12,000	23/06/2026
Total Approximate Floor Area		44.44	(475) (1)			£12,000

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) The lease provides for a tenant option to determine the lease on 23/06/2024 on serving 3 months notice.

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.