Overview

Freehold investment / development opportunity For Sale.
Income producing shop and upper with additional vacant unit to rear

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  Description
  Investment / Development opportunity for sale
  
  Ground floor commercial unit with two bedroom flat above currently let to a single tenant with a passing rent of £18,500 p/a.
  
  To the rear of the property and fronting Abbots Road is a separate building which is vacant and we understand from our clients was formerly used as a barber shop, this unit has potential for a number of uses including residential development subject to the relevant consent

  Location
  The property occupies a prominent corner position on Sherwood Park Road at its junction with Abbotts Road and is served by good road links including the A23.
  The M25 London orbital Motorway is also within easy reach. Shops facilities, Mitcham Junction station and Mitcham Common are within walking distance and Croydon can also be reached easily.
  
  Nearest rail station: Eastfields 0.9 miles

  Tenancies
  Ground floor shop and 2 bed flat are let on a 12 year lease from 3rd August 2020 with a rent review on the 3rd (done), 6th and 9th anniversary

  Terms
  Guide Price £460,000
  Unconditional offers only will be considered

  Viewings
  Contact sole agents
  Christopher St James 020 8545 0591