A WELL LET COMMERCIAL PROPERTY – INCOME PRODUCING
For sale by Auction – Terms & Conditions Apply, Enquire for more details.
Considering offers prior to auction.
Guide Price: Between £ 240,000 – £ 350,000
Great investment property – Pizza shop – classified as A3 on the use class order.
84 square metres arranged over ground floor and basement levels. Parade of similar small independent retailers close by. Including a small parcel of amenity land at basement level. The property in their immediate surrounding are predominantly a mix of commercial and residential properties.
The sites at present benefit from all the usual services including mains water, drainage and electricity.
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.
Let with a rent between £1,400 and £1,500 per month
Total Rent Payable £18,000 per annum approximately.
Tenure: Leasehold with 59 years remaining on the current lease and vacant possession.
Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £3,000 + VAT upon exchange of contracts.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti Money Laundering Act.
- Refer to Terms & Conditions: https://nalcauctions.com/terms-conditions/