Prominent Location D1 Shop 2,105 sq ft LONDON, SW17, £45,000 per annum exclusive

ACCOMMODATION We have been advised that the property provides the following net internal floor areas:
Ground Floor 195.59 sq m (2,105 sq ft)
Total 195.59 sq m (2,105 sq ft)

TERMS
Tenure Our clients are looking to assign their Full Repairing and Insuring lease held on a term of 10 years from June 2007 expiring June 2017, subject to 3 yearly upward only rent reviews.

Rent £48,000 per annum exclusive per annum payable quarterly in advance.

Rates We have been advised that as of 1 April 2010 the rateable value of the property is £ 29,000. Rates payable for this financial year will be £11,803 per annum.
VAT VAT may be applicable on this property.
Legal Costs Each party are to bear their own legal and surveying costs incurred in this matter.

LOCATION The property is located on Mitcham Road close to the junction with Church Lane. Mitcham Road is an extremely busy arterial route between Mitcham and Tooting and benefits from a high volume of passing traffic as well as a densely populated residential catchment area. The area has seen a number of residential developments built over the last few years. There are a mixture of multiple and independent retailers in the immediate vicinity. Public transport is available from Tooting (Thames link) rail station and Tooting Broadway (Northern Line) Underground Station, both approximately 500 metres from the property.

DESCRIPTION The property comprises an extremely prominent and large class D1 double unit. The unit has recently been refurbished to a very high standard and is currently operating as a GP's surgery.