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Agent's details

Premium/Goodwill £120,000. Available now Class E Use – floor area 851 Sq/Ft plus additional 4-bedroom flat above shop –Running Business - Well-Positioned on a High Street in Tooting, SW17. Rental income from residential is £33,600 per annum. Fresh New Lease a possibility.

Guide price: POA|851 - 2,000 Sq Ft|General Retail, Retail - High Street, Leisure Property, Hotels, Pubs/Bars/Clubs, Restaurant/Cafes, Mixed Use, Other, Land, Pubs/Bars/Clubs, Restaurant/Cafes, Restaurant/Cafes, Pubs/Bars/Clubs, Retail, Licensed & Leisure, Other Property Types & Opportunities, Commercial Land

Property details

SIZE851 - 2,000 Sq Ft
ADDRESSMitcham Road, SW17 9NG
TYPEGeneral Retail, Retail - High Street, Leisure Property, Hotels, Pubs/Bars/Clubs, Restaurant/Cafes, Mixed Use, Other, Land, Pubs/Bars/Clubs, Restaurant/Cafes, Restaurant/Cafes, Pubs/Bars/Clubs, Retail, Licensed & Leisure, Other Property Types & Opportunities, Commercial Land
TENUREUnder Offer
POSTED ON23rd October 2023

Description

Available now Class E Use – floor area 851 Sq/Ft plus additional 4-bedroom flat above shop –Running Business - Well-Positioned on a High Street in Tooting, SW17. Fixture/Fittings and Premium/Goodwill £120,000. Rental income from residential is £33,600 per annum. Fresh New Lease a possibility.

Currently trading as Matka Inn (Serving Authentic tea and cakes etc) since 2021 on one of Tooting Busiest Main Road. Units of this calibre, location and style are very difficult to get hold off.

Lease 4 Years, expires Mar 2027, excludes Landlord and Tenant Act 1954. New Lease a possibility

Postcode: SW17 9NG
Rent: £41,000 per annum
Rental income from residential above: £33,600 per annum
Rates: Can be confirmed with Local Authority
Fixture/Fittings & Goodwill: £120,000 includes all fixture fittings.

Matka Inn (The Unit)
- Large shopfront
- Relaxing Furnishings and Décor throughout creating the calm Atmosphere
- 34 Covers
- Fully Equipped Trade Kitchen with Extraction System
- Rear Access with Car Parking Space
- Turnover of £14,000-18,000 per month
- Admin/reference fee of £1,750.00 + vat

Due to other Business commitments the current Leaseholder has not been able to exercise the full potential of this Business.

Regardless of the time of day, footfall is both high and consistent. I advise you get a feel of the area before/after viewings and see this for yourself.

To book viewings - Call Residenza Properties Ltd

Location

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Location: Mitcham Road, SW17 9NG

Tooting Broadway (0.2 miles)

Colliers Wood (0.7 miles)

Tooting Bec (0.8 miles)

Tooting (0.5 miles)

Haydons Road (1.1 miles)

Streatham Common (1.3 miles)

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