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122 Mitcham Rd 511 SF Retail Building London SW17 9NH $1,184,379 ($2,317.77/SF)
Investment Highlights
- Secure income stream from established occupier
- Prime location on a busy main road with excellent footfall
- Entire building fully let – no current voids
Executive Summary
The property comprises a ground floor lock-up shop currently fitted out and trading as a restaurant, together with a self-contained three-bedroom split-level flat arranged over the first and second floors.
The entire building is let to a single occupier, who both operates the restaurant on the ground floor and resides in the upper flat, ensuring one point of management and responsibility. The tenant is paying a passing rent of £54,000 per annum, with the lease expiring in 2026.
The entire building is let to a single occupier, who both operates the restaurant on the ground floor and resides in the upper flat, ensuring one point of management and responsibility. The tenant is paying a passing rent of £54,000 per annum, with the lease expiring in 2026.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
511 SF
Building Class
C
Year Built
1930
Price
$1,184,379
Price Per SF
$2,317.77
Tenancy
Single
Building Height
3 Stories
Building FAR
0.59
Lot Size
0.02 AC
Frontage
16’ on Mitcham Road
Amenities
- Bus Line
1 1
Nearby Major Retailers
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122 Mitcham Rd
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