17-19 Upper Green E 3,055 SF 100% Leased Retail Building Mitcham CR4 2PE $821,734 CAD ($268.98 CAD/SF) 6.67% Cap Rate

The 2 floor building is made up of a commercial shop on the ground floor currently trading as a betting shop and an office on the first floor. Access to the first floor is from the front of the building. Development Potential: To change of use from office to flat and add another floor, subject to planning.
Tenancy details:
Ground floor: 10 year lease from 26th March 2021. Current rent: £21,000 pa.
Rent review: 25th March 2026. EPC rating C (64)
First floor: 5 year lease from 16th December 2021. Current rent: £9,000 pa.
Rent review: 16th December 2026. EPC rating E (113)
Measurements (approximate):
Gross Internal Area 284m² (3055ft²)
Ground floor - betting shop
1st floor - office
VIEWING: Strictly by appointment through Sole Agents:
Bells Chartered Surveyors F.A.O. Amir Parvez