Available
London CR4 – Takeaway
205 Streatham Road, Mitcham, London CR4 2AJVirtual Freehold Takeaway Investment
Price
£250,000
Rent P.A.
£19,200
Yield
7.68%
Tenure
Leasehold
Lease Term
11 Years 7 Months
Years Left on Lease
10y 4m
Area
605 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises mid-terrace ground floor takeaway shop
- Situated on the well-connected A216 (Streatham Road), within close proximity to multiple bus routes and Tooting Broadway Underground Station. Nearby occupiers including Tesco Express, a Post Office, a barber shop, a public house, and various independent businesses.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor takeaway, providing the following accommodation and dimensions:
Ground Floor: 56.19 sq m (605 sq ft)
Open plan seating, counter, kitchen, storage, wc
Ground Floor: 56.19 sq m (605 sq ft)
Open plan seating, counter, kitchen, storage, wc
Tenancy Description
The property is at present let to an Individual t/a Takeaway from 23rd May 2024 until 7th January 2036 at a current rent of £19,200 p.a. and the lease contains full repairing and insuring covenants. Rent review on 8th January 2028 and 2032 open market upward only. No breaks.
Tenure:
Virtual Freehold. To be held on a new 999-year lease from completion at a ground rent of peppercorn.
Tenure:
Virtual Freehold. To be held on a new 999-year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Mitcham is a suburban district in the London Borough of Merton, situated approximately 8 miles south of Central London. The area benefits from excellent road links via the A217 and A236, providing access to the A3 and South Circular. Mitcham Junction station offers National Rail and Tramlink services, connecting to Central London and Croydon. The property is located on Streatham Road (A216), a busy arterial route connecting Mitcham with Streatham and Tooting. The surrounding area comprises a mix of local independent retailers, convenience stores, and residential developments. Nearby occupiers include Tesco Express, Costcutter, and a number of cafés, pharmacies, and retailers.
