£450,000
(£147.30/sq. ft)
Retail premises for saleUpper Green East, Mitcham CR4
3,055 sq. ft
Under offer
About this property
Freehold Investment Site with Development Potential in Mitcham, CR4
location: Located in Mitcham town centre within a parade of shops off the
one way system. Near to multiple shops including the town centre shopping
area. Walking distance to dense residential developments.
Description: The 2 floor building is made up of a commercial shop on the
ground floor currently trading as a betting shop and an office on the first floor.
Access to the first floor is from the front of the building.
Development Potential: To change of use from office to flat and add another floor, subject to planning.
Tenancy details:
Ground floor: 10 year lease from 26th March 2021. Current rent: £21,000 pa.
Rent review: 25th March 2026. EPC rating C (64)
First floor: 5 year lease from 16th December 2021. Current rent: £9,000 pa.
Rent review: 16th December 2026. EPC rating E (113)
Measurements (approximate):
Gross Internal Area 284m² (3055ft²)
Ground floor – betting shop
1st floor - office
viewing: Strictly by appointment through Sole Agents:
Bells Chartered Surveyors F.A.O. Amir Parvez
location: Located in Mitcham town centre within a parade of shops off the
one way system. Near to multiple shops including the town centre shopping
area. Walking distance to dense residential developments.
Description: The 2 floor building is made up of a commercial shop on the
ground floor currently trading as a betting shop and an office on the first floor.
Access to the first floor is from the front of the building.
Development Potential: To change of use from office to flat and add another floor, subject to planning.
Tenancy details:
Ground floor: 10 year lease from 26th March 2021. Current rent: £21,000 pa.
Rent review: 25th March 2026. EPC rating C (64)
First floor: 5 year lease from 16th December 2021. Current rent: £9,000 pa.
Rent review: 16th December 2026. EPC rating E (113)
Measurements (approximate):
Gross Internal Area 284m² (3055ft²)
Ground floor – betting shop
1st floor - office
viewing: Strictly by appointment through Sole Agents:
Bells Chartered Surveyors F.A.O. Amir Parvez
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