Let to Jay's Mini Market with Personal Guarantee t/a Sankofa Mini Market
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 6
Auction 15th December 2022
Rent £10,000 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Status Withdrawn Post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. The immediate locality is a cosmopolitan Neighbourhood Retail hub with an eclectic mix of local commercial traders. Other nearby occupiers in Mitcham include Asda, Morrisons and KFC.
Tenure
Virtual Freehold. Held for a term of 999 years from 2022 at a fixed rent reserved of a 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. The immediate locality is a cosmopolitan Neighbourhood Retail hub with an eclectic mix of local commercial traders. Other nearby occupiers in Mitcham include Asda, Morrisons and KFC.
Tenure
Virtual Freehold. Held for a term of 999 years from 2022 at a fixed rent reserved of a peppercorn.
Description
The property comprises a ground floor retail unit
VAT
VAT is applicable to this lot.
Note
No 70 and No 74 Monarch Parade are being offered for sale as Lots No. 20 and 45.
Completion Period
Six week completion
EPC
E
Description
The property comprises a ground floor retail unit
VAT
VAT is applicable to this lot.
Note
No 70 and No 74 Monarch Parade are being offered for sale as Lots No. 20 and 45.
Completion Period
Six week completion
EPC
E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.
Reversion
Ground
Retail
44.63
(480)
Jay's Mini Market (CRN 06968812) Guaranteed by J Hagan (T/A Sankofa Mini Market)
5 years 01/03/2020
£10,000
28/02/2025
Total Approximate Floor Area
44.63
(480) (1)
£10,000
(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.
