74 Mitcham Road Tooting London SW17 9NA

74 Mitcham Road
Tooting
London
SW17 9NA

Freehold Retail and Residential Investment

Comprises ground floor shop and 2 flats
Entirely let to hair salon t/a Hairport until December 2027
Important December 2022 rent review outstanding
Affluent South West London suburb
Busy and Prominent trading location
Nearby occupiers include McDonalds, KFC, Subway, Sainsburys, Boots and Primark
VAT Free investment

Lot
5
Auction
13th July 2023
Rent
£38,000 per Annum Exclusive
Status
Sold
Price
£975,000
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Residential Investment

Comprises ground floor shop and 2 flats
Entirely let to hair salon t/a Hairport until December 2027
Important December 2022 rent review outstanding
Affluent South West London suburb
Busy and Prominent trading location
Nearby occupiers include McDonalds, KFC, Subway, Sainsburys, Boots and Primark
VAT Free investment

Lot 5
Auction 13th July 2023
Rent £38,000 per Annum Exclusive
Status Sold
Price £975,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

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 and 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 prominently situated in a corner position on the western side of Mitcham Road (A217) at it's junction with Bickley Street some 200 metres away from Tooting Broadway Underground Station (Northern Line). Nearby occupiers include McDonalds, KFC, Subway, Sainsburys, Boots, Primark together with an eclectic mix of national retailers and local restaurants and cafes.

Tenure

Freehold.

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

Tenure

Freehold.

Description

The property comprises a hair salon with treatment rooms on the ground floor together with a 1 bedroom flat on the first floor and a 2 bedroom flat on the second floor. The residential accommodation is separately accessed from the side of the property via Bickley Street.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Commercial Band D, Residential Flats Band C.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Commercial Band D, Residential Flats Band C.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground First Second	Hair salon/Treatment Rooms 1 bed flat 2 bed flat	63.24 35.02 68.89	(680) (377) (741)	INDIVIDUAL	15 years from 25/12/2012	£38,000	25/12/2022 (2)
Total Approximate Floor Area		167.15	(1,801) (1)			£38,000

(1) The commercial floor areas stated above are those published by the Valuation Office Agency (ww.voa.gov.uk).
(2) Important December 2022 rent review remains outstanding.

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.