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Status Withdrawn Post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
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.
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.
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