Guide price
£525,000
(£161.43/sq. ft)
Restaurant for saleLondon Road, Mitcham CR4
From 1 - 3,500 sq. ft
About this property
Income producing investment for sale (virtual freehold) 999 years
£30,000 per annum exclusive
Air conditioning
All on ground floor
Offers in the region of £565,000 subjest to existing leases.(999 years lease)
The premises are located on the west side of busy London Road on the corner with Sibthorpe Road, and between the junction with Upper Green West and the A217 Holborn Way. Occupiers close by include Morrisons, Halifax, Boots and a mix of local traders.
The premises comprise of a ground floor shop of approximately 3500 sq. Ft. (325.15 m2) mainly open space trading as Café Restaurant /Bakery with seating. Recently refurbished by the tenant to a high standard. Presently let on a 10-year (Fri) lease dated from 5th December 2022 with tenant option to break on fifth anniversary of the lease.
The premises comprise of a ground floor shop of approximately 3500 sq. Ft. (325.15 m2) mainly open space trading as Café Restaurant /Bakery with seating. Recently refurbished by the tenant to a high standard. Presently let on a 10-year (Fri) lease dated from 5th December 2022 with tenant option to break on fifth anniversary of the lease.
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Monthly repayment
£2,626 per month
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