Asking price
£1,500,000
15 bedroom detached land for sale
London Road, Mitcham, CR4
Key features
- Fifteen Bedrooms subject to Assured Shorthold Tenancies
- Three Kitchens
- Three Bathrooms
- Spanning over 5000 sq. ft.
- Comprising Three Commercial Units
- EPC Rating B
- Council Tax Band B
Property description
An exceptional opportunity to acquire a freehold investment property located in the vibrant heart of Mitcham.
This property on London Road features three established commercial units on the ground floor, all leased with long-term, favourable rental agreements, providing reliable income and stability.
The upper floors are configured as a 15-bedroom House in Multiple Occupation (HMO), offering an attractive residential investment. This level includes three well-appointed kitchens and three bathrooms, ensuring convenience and functionality for residents. Additionally, tenants have access to a communal terrace that offers views over the rear parking area, enhancing the property’s appeal.
This unique investment combines the benefits of both commercial and residential income in a prime location with solid tenancy agreements in place.
London Road is ideally situated a stone’s throw from Mitcham Tram Stop offering direct access to Wimbledon and East Croydon Stations. Morden Tube Station and the illustrious Modern Hall Park are also located nearby.
Further information is available upon request.
BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £36 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Goodfellows.
The property | ||||
---|---|---|---|---|
FLAT A | ||||
Kitchen | 4.01m x 3.89m | |||
Shower Room | 1.98m x 1.47m | |||
Bedroom 1 | 4.78m x 3.84m | |||
Bedroom 2 | 3.86m x 3.68m | |||
Bedroom 3 | 3.35m x 2.29m | |||
Bedroom 4 | 3.48m x 3m | |||
Bedroom 5 | 4.45m x 2.77m | |||
Store | 5.05m x 3.35m | |||
Commercial Area | 8.66m x 4.57m | |||
FLAT B | ||||
Kitchen | 4.01m x 3.89m | |||
Bedroom 1 | 4.78m x 3.84m | |||
Bedroom 2 | 3.86m x 3.68m | |||
Bedroom 3 | 3.35m x 2.29m | |||
Bedroom 4 | 4.45m x 2.77m | |||
Bedroom 5 | 3.48m x 3m | |||
Store | 5.05m x 3.35m | |||
Commercial Area | 8.66m x 4.57m | |||
Balcony | ||||
FLAT C | ||||
Kitchen | 4.14m x3.35m | |||
Bedroom 1 | 4.78m x 3.28m | |||
Bedroom 2 | 4m x 3.3m | |||
Bedroom 3 | 4.04m x 2.24m | |||
Bedroom 4 | 3.43m x 3m | |||
Bedroom 5 | 4.47m x 2.54m | |||
Bathroom | ||||
Store | 5.08m x 3.25m | |||
Commercial Area | 8.64m x 4.57m | |||
Balcony | 6.1m x 2.08m |
EPC
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
81Potential
90CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
N/APotential
N/AMortgage calculator
Your payment
Borrowing £1,350,000 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.
Book a mortgage appointmentStamp duty calculator
This calculator provides a guide to the amount of residential Stamp Duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 1 October 2021. For more information on Stamp Duty Land Tax, click here.