2 Mitcham Road Tooting Broadway London London SW17 9NA

2 Mitcham Road
Tooting Broadway
London
London
SW17 9NA

Retail and Office Investment

  • Majority Let to Starbucks until 2022 (subject to option)
  • Busy and popular South West London suburb
  • Immediately adjacent to Tooting Broadway Station
  • Active management potential
  • Neighbouring occupiers include Sainsbury’s, Primark, New Look, Barclays Bank, Caffè Nero,Car Phone Warehouse and South Thames College
  • Six Week Completion Period Available
  • Lot
    30
  • Auction
    18th October 2012
  • Rent
    Gross: £80,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £525,000
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Retail and Office Investment

  • Majority Let to Starbucks until 2022 (subject to option)
  • Busy and popular South West London suburb
  • Immediately adjacent to Tooting Broadway Station
  • Active management potential
  • Neighbouring occupiers include Sainsbury’s, Primark, New Look, Barclays Bank, Caffè Nero,Car Phone Warehouse and South Thames College
  • Six Week Completion Period Available
  • Lot 30
  • Auction 18th October 2012
  • Rent
  • Status Sold
  • Price £525,000
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
6 miles south-west of the West End of London, 7 miles east of Kingston Upon Thames
Roads
A24, A205 (South Circular Road), A217
Rail
Tooting Broadway Underground (Northern Line)
Air
London City, London Heathrow, London Gatwick
Situation

The property is prominently situated immediately adjacent to Tooting Broadway Underground Station at the major intersection between A217 and A24. The property is in a strong trading location along with neighbouring occupiers such as Sainsbury’s, Primark, New Look, Barclays Bank, Caffè Nero, Car Phone Warehouse and South Thames College.

Tenure

Leasehold. Leasehold. Held from London Underground Limited for a term of 99 years from 25th December 1927 until 2026 on a full repairing and insuring lease at a current rent reserved of £550 per annum exclusive. (2)

Location
Miles
6 miles south-west of the West End of London, 7 miles east of Kingston Upon Thames
Roads
A24, A205 (South Circular Road), A217
Rail
Tooting Broadway Underground (Northern Line)
Air
London City, London Heathrow, London Gatwick
Situation

The property is prominently situated immediately adjacent to Tooting Broadway Underground Station at the major intersection between A217 and A24. The property is in a strong trading location along with neighbouring occupiers such as Sainsbury’s, Primark, New Look, Barclays Bank, Caffè Nero, Car Phone Warehouse and South Thames College.

Tenure

Leasehold. Leasehold. Held from London Underground Limited for a term of 99 years from 25th December 1927 until 2026 on a full repairing and insuring lease at a current rent reserved of £550 per annum exclusive. (2)

Description

The property comprises a retail unit on the ground floor with ancillary accommodation in the basement. The first floor comprises office accommodation that extends over the entrance to the station and is accessed via Tooting High Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a retail unit on the ground floor with ancillary accommodation in the basement. The first floor comprises office accommodation that extends over the entrance to the station and is accessed via Tooting High Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Basement


Retail
80.98 sq m
14.54 sq m

(872 sq ft)
(157 sq ft)

STARBUCKS COFFEECOMPANY (UK) LIMITED (1) 10 years from 27/03/2012
until 2022 (2)
£68,500 2017
First



Office
152.66 sq m

(1,672 sq ft)

ROBYN MOIRA LYNCH (t/a
Kenwright and Lynch Solicitors

Holding Over (2) (3) £12,000
Totals  
248.18 sq m
(2,672 sq ft)
    £80,500  

(1) Starbucks Coffee Company (UK) Limited are a global company that operates from over 17,000 stores in more that 50 countries.There is a tenant's option to determine the lease on 27th March 2017 subject to three months notice.
(2)The Headlease provides for a rolling option to determine by the superior landlord on tendering three months notice if London Underground Limited requires the property or any part for any purpose connected with the operation of their railways or any works or with any present or future buildings of the landlord.
(3)As to the lease on the first floor there has been a new ten year lease at a rent of £25,000 proposed, this is subject to court determination.

Property Documents

  • Site Plan
    Updated Date
    08.10.12
    File Size
    49 KB
    View PDF
  • Catalogue Page
    Updated Date
    08.10.12
    File Size
    166 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mark SymondsMark Symonds +44 (0)20 7034 4858 mark.symonds@acuitus.co.uk
Seller's Solicitors
Harper Odell Hussein 61-63 St John Street
London
EC1M 4AN
Amir Azimi 0207 490 0500law@harperandodell.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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