Property photos
Freehold
Guide price
£1,000,000
Land for sale
London Road, Mitcham CR4Key Information
Local area information
Property location
Nearby amenities
- Gorringe Park Primary School 0.2 miles
- Bond Primary School 0.4 miles
- Tooting 0.5 miles
- Mitcham Eastfields 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Furzedown and Colliers Wood to find out more about the local area.
Features and description
- Freehold
- Investment Opportunity
- Development Opportunity
- Income Producing
- Current Lease Expires 2027
- Income £59,000 pa
- Corner Plot
- 0.5 Miles to br Station
- 1 Mile to Tube Station
- Sole Agents
Under offer
Freehold investment / development opportunity for sale. Comprises a mix of industrial units, office space and hard standing area. 0.5 miles to Tooting Rail Station. Sole Agents
Description
Under offer
Investment / development opportunity
The property is on a single title with 2 separate detached buildings comprising Car repair / mot station let on a long lease which expires in 2027 and office space let on short term agreements with 2 months notice required for vacant possession.
Title Nos: SY159723
Plot size: 0.121 acres
Use Class: E Class
Listed Building: No
Flood Zone: No
Local Authority: Merton
Location
The property occupies a prominent corner position along the A217 London Road at its junction with Dennis Reeves Close on the edge of Mitcham Town Centre with quick access to neighbouring Streatham, Tooting & Colliers Wood
Nearest Stations:
Tooting British Rail Station - 0.5 miles (Thameslink Services)
Colliers Wood Underground Station - 1 mile (Northern Line Services)
Tenancies / Income
Mot Station: 20 year lease expires Nov 2027 - Passing Rent £36,000 pa
Occupying the majority of the ground floor space in the front office building, yard space and all units industrial units to the rear
Private tenants: Short term license agreements with 2 months notice required for vacant possession - Passing rent £24,000 pa let separately to two private individuals
Total Passing Rent: £60,000 pa
Planning
Subject to the relevant consents it is felt the site would lend itself to a mixed use or residential development
Scope also exists for extension / refurbishment works to increase the rental income
Terms
Guide Price £1,000,000 Freehold
Please be advised that subject to planning offers are not being considered
Viewing
Viewings are strictly by appointment only
Running businesses are in occupation and interested parties are asked not to approach staff
Freehold investment / development opportunity for sale. Comprises a mix of industrial units, office space and hard standing area. 0.5 miles to Tooting Rail Station. Sole Agents
Description
Under offer
Investment / development opportunity
The property is on a single title with 2 separate detached buildings comprising Car repair / mot station let on a long lease which expires in 2027 and office space let on short term agreements with 2 months notice required for vacant possession.
Title Nos: SY159723
Plot size: 0.121 acres
Use Class: E Class
Listed Building: No
Flood Zone: No
Local Authority: Merton
Location
The property occupies a prominent corner position along the A217 London Road at its junction with Dennis Reeves Close on the edge of Mitcham Town Centre with quick access to neighbouring Streatham, Tooting & Colliers Wood
Nearest Stations:
Tooting British Rail Station - 0.5 miles (Thameslink Services)
Colliers Wood Underground Station - 1 mile (Northern Line Services)
Tenancies / Income
Mot Station: 20 year lease expires Nov 2027 - Passing Rent £36,000 pa
Occupying the majority of the ground floor space in the front office building, yard space and all units industrial units to the rear
Private tenants: Short term license agreements with 2 months notice required for vacant possession - Passing rent £24,000 pa let separately to two private individuals
Total Passing Rent: £60,000 pa
Planning
Subject to the relevant consents it is felt the site would lend itself to a mixed use or residential development
Scope also exists for extension / refurbishment works to increase the rental income
Terms
Guide Price £1,000,000 Freehold
Please be advised that subject to planning offers are not being considered
Viewing
Viewings are strictly by appointment only
Running businesses are in occupation and interested parties are asked not to approach staff
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Christopher St James Plc
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