LOT 7

2a & 6-9 Park Avenue Mews, Streatham Rd, Mitcham, Surrey, CR4 2EL

2a & 6-9 Park Avenue Mews, Streatham Rd, Mitcham, Surrey, CR4 2EL


Property Viewings
By prior appointment with the auctioneers
Vendor
  • a property company

Withdrawn Prior


Property Details
Single and double workshop units situated within this mews behind shops on Streatham Road, running between Park Avenue and Caithness Road.

There may be potential for residential development, subject to the necessary consents.

The units are all let as detailed below:

2a is let for £6,000 p.a. on a lease dated 1.08.2018 to 31.08.2023
6 is let for £3,600 p.a. on a lease dated 1.04.2019 to 31.03.2020
7&8 are let for £6,000 p.a. on a lease dated 16.01.2019 to 15.01.2024
9 is let for £6,000 p.a. on a lease dated 1.05.2019 to 30.04.2020
Total income = £21,600 per annum
  • Freehold
  • Portfolio of workshops
Unit 2a Units 7 & 8
Lobby, reception, WC, shower room, stairs to first floor, additional room and storage Lobby, reception, study / office, inner reception, WC, sink area, studio / reception

Other Information
Local Authority – London Borough of Merton

Tenure
Freehold

Viewings
By prior appointment with the auctioneers

Additional Information

A contract administration charge of £1,000 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.

Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.

*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.