287 Mitcham Road, Tooting, SW17

£800,000

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Brochure

Overview

Unbroken freehold investment for sale - GF commercial with 2 x flats above over first and second floors.
Excellent letting position in busy parade close to both under and overground stations.

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    Full Description
    Freehold investment for sale comprising vacant ground floor commercial unit previously occupied and run as a hair and beauty salon and two x flats above let on ASTs

    Location
    Mitcham Road is conveniently located for the many cafes, restaurants and bars of Mitcham Road and Furzedown Village and is beautifully complimented with a vast array of transport links with Tooting Overground and Tooting Broadway Underground Stations a short walk away.

    Nearest BR Station: Tooting Rail station is 400 ft away providing Thameslink services
    Nearest Underground Station: Tooting Broadway providing northern line services

    Tenancy & Accommodation Schedule
    Ground Floor Commercial: 819 sq ft (77 sqm) Vacant ERV £25,000 pa

    First Floor 2 bed flat with balcony: 709 sq ft (65.9 sqm) Let on an AST @ £1,800 pcm - Section 21 notice served expiring 31st January 2025

    Second Floor: 2 bedroom flat with balcony: 680 sq ft (63.2 sqm) Let on an AST @ £1,800 pcm - Section 21 notice served expiring 31st January 2025.

    The seller has an offer for both flats at £2,000 pcm each guaranteed rent 3 year contract
    Combined ERV £73,000 pa

    Terms
    Guide Price £800,000

    Viewings
    Contact sole agents Christopher St James 020 8296 1270

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