Investment / Development Opportunity, 77 Sherwood Park Road, Mitcham, CR4 1NB

Ground floor commercial unit with two bedroom flat above currently let to a single tenant with a passing rent of £18,500 p/a.

To the rear of the property and fronting Abbots Road is a separate building which is vacant and we understand from our clients was formerly used as a barber shop, this unit has potential for a number of uses including residential development subject to the relevant consent.

Location

The property occupies a prominent corner position on Sherwood Park Road at its junction with Abbotts Road and is served by good road links including the A23.

The M25 London orbital Motorway is also within easy reach. Shops facilities, Mitcham Junction station and Mitcham Common are within walking distance and Croydon can also be reached easily.

Nearest rail station: Eastfields 0.9 miles

Accommodation

Commercial Unit

Two Bedroom Flat

Terms

Tenancies - Ground floor shop and 2 bed flat are let on a 12 year lease from 3rd August 2020 with a rent review on the 3rd (done), 6th and 9th anniversary

Terms - Guide Price £460,000
Unconditional offers only will be considered

Specification

• Income producing investment
• Development opportunity
• Ground floor unit (currently chicken shop)
• First floor 2 bed flat
• Additional unit and land to rear (Vacant)
• Rent review 2026
• Good location
• Corner plot