LOT 1

1-4 Park Avenue Mews, Streatham Road, Mitcham, Surrey, CR4 2EL

1-4 Park Avenue Mews, Streatham Road, Mitcham, Surrey, CR4 2EL


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

Guide Price: £160,000 plus*


Property Details
One double and two single workshop units situated within this mews behind shops on Streatham Road, running between Park Avenue and Caithness Road. At the time of going to press, internal inspection was not possible.

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

The units are all let as detailed below:

1&2 are let for £6,000 p.a. on a lease dated 10.07.2019 to 9.07.2020.
3 is let for £4,800 p.a. on a lease dated 19.06.2019 to 18.06.2020.
4 is let for £3,900 p.a. on a lease dated 1.12.2018 to 30.11.2019.

Total income = £14,700 per annum
  • Freehold
  • Portfolio of workshops

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.