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
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.
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
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.
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.
