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242-244 London Rd 3,500 SF Retail Condo Unit Offered at $996,252 CAD in Mitcham CR4 3HD
INVESTMENT HIGHLIGHTS
- Mainly open space
- The property benefits from (E use) The town and county planning changes introduced 1st September 2020
PROPERTY FACTS
| Total Building Size | 3,500 SF | Typical Floor Size | 3,500 SF |
| Property Type | Retail (Condo) | Year Built | 1963 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 0.25 AC |
| Floors | 4 |
| Total Building Size | 3,500 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 3,500 SF |
| Year Built | 1963 |
| Tenancy | Single |
| Lot Size | 0.25 AC |
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Energy Performance Rating - C
- Smoke Detector
1 UNIT AVAILABLE
Unit 1
| Unit Size | 3,500 SF | Condo Use | Retail |
| Price | $996,252 CAD | Sale Type | Investment |
| Price Per SF | $284.64 CAD | Tenure | Freehold |
| Unit Size | 3,500 SF |
| Price | $996,252 CAD |
| Price Per SF | $284.64 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
Ground floor shop of approximately 3500sq ft mainly open space trading as Cafe Restaurant/Bakery with seating. Recently refurbished by the tenant to a high standard. Presently let on a 10-year (FRI) lease dated from 5th December 2022 with tenant option to break on fifth anniversary of the lease.
SALE NOTES
Ground floor shop for sale. The rent for the leased space is £30,000 per annum exclusive. 999 virtual freehold sale will be subject to existing leases.
The premises are located on the west side of busy London road on the corner with Sibthorpe Road, and between the junction with Upper Green West and the A217 Holborn way. Occupiers close by include Morrisons, Halifax, Boots and a mix of local traders.
NEARBY MAJOR RETAILERS
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242-244 London Rd
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