Mitcham Road

Mixed Retail and Residential Investment
Ground Floor Let Sainsbury’s Supermarkets Ltd
Eleven Flats – Four Sold and Five Let on AST’s plus 2 vacant
Total rent reserved £171,175 pa plus 2 vacant flats

Commercial element:
The ground floor is let to Sainsbury’s Supermarkets Limited for 10 years from 01/02/2025 on effective full repairing and insuring terms at a current rent of £66,375 per annum with an Index Linked rent review 01/02/2030 subject to a cap and collar.

Residential element:
Four of the eleven flats have been sold on long leases (see note) the remaining seven flats, five of which are all let on AST’s with a number of long-standing tenants and two are vacant. These flats comprise two x 1 bed flats and five x 2 bed flats, The investment provides opportunities to create added value through management, break up value through sales of the remaining seven flats whilst the building occupies a prominent location remaining in high demand for both residential sales and lettings.

Total rent reserved:
£171,175 plus two vacant flats

Accommodation Schedule:
Ground Floor Retail:
Accommodation - Retail Area 209.8 sq m. (2,258 sq ft)
Four Storage Areas 46.2 sq m. (498 sq ft)
Staff Room 6.8 sq m. (73 sq ft)
TOTAL 282.8 sq m. (2,829 sq ft)
Tenancy/ Lease Details - Let to Sainsbury’s Supermarkets Ltd (Co no. 3261722) for 10 years from 01/02/2025 on effective full repairing and insuring terms at a current rent of £66,375 per annum with an Index Linked rent review 01/02/2030 subject to a cap and collar.
Current Rent/ Ground Rent PA - £66,375

Flat 1:
Accommodation - Self-Contained 1st Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - N/A
Council Tax - C
Tenancy/ Lease Details - Sold on a lease for a term of 117 years from 01/08/2014
Current Rent/ Ground Rent PA - £250 (ground rent)

Flat 2:
Accommodation - Self-Contained 1st Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - N/A
Council Tax - C
Tenancy/ Lease Details - Sold on a lease for a term of 117 years from 04/07/2014
Current Rent/ Ground Rent PA - £250 (ground rent)

Flat 3:
Accommodation - Self-Contained 2nd Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - N/A
Council Tax - C
Tenancy/ Lease Details - Sold on a lease for a term of 117 years from 07/04/2014
Current Rent/ Ground Rent PA - £250 (ground rent)

Flat 4:
Accommodation - Self-Contained 2nd Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - N/A
Council Tax - C
Tenancy/ Lease Details - Sold on a lease for a term of 117 years from 07/04/2014
Current Rent/ Ground Rent PA - £250 (ground rent)

Flat 5:
Accommodation - Self-Contained 1st Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - C 64 sq.m
Council Tax - C
Tenancy/ Lease Details - Let on an assured shorthold tenancy since 3rd May 2008 (holding over) at a current rent of £1,700 pcm.
Current Rent/ Ground Rent PA - £20,400

Flat 6:
Accommodation - Self-Contained 1st Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - C 55sq.m.
Council Tax - C
Tenancy/ Lease Details - Let on an assured shorthold tenancy since 8th April 2015 (holding over) at a current rent of £1,900 pcm.
Current Rent/ Ground Rent PA - £22,800

Flat 7:
Accommodation - Self-Contained 2nd Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - B 64sq.m.
Council Tax - C
Tenancy/ Lease Details - Let on an assured shorthold tenancy since 27th March 2019 (holding over) at a current rent of £1,800 pcm.
Current Rent/ Ground Rent PA - £21,600

Flat 8:
Accommodation - Self-Contained 2nd Floor Flat Comprising: Two Bedrooms, Two Bathrooms, Reception Room, Kitchen.
EPC Data - C 58sq.m.
Council Tax - C
Tenancy/ Lease Details - VACANT
Current Rent/ Ground Rent PA - VACANT

Flat 9:
Accommodation - Self-Contained 3rd Floor Flat Comprising: One Bedroom, Bathroom, Open Plan Reception Room/ Kitchen.
EPC Data - C 45sq.m.
Council Tax - C
Tenancy/ Lease Details - Let on an assured shorthold tenancy since 5th March 2026 at a current rent of £1,600 pcm.
Current Rent/ Ground Rent PA - £19,200

Flat 10:
Accommodation - Self-Contained Flat Comprising: Two Bedrooms, Bathroom, Reception Room, Kitchen.
EPC Data - C 55sq.m.
Council Tax - C
Tenancy/ Lease Details - VACANT
Current Rent/ Ground Rent PA - VACANT

Flat 11:
Accommodation - Self-Contained 1st/2nd Floor Flat Comprising: One Bedroom, Bathroom, Open Plan Reception Room/ Kitchen.
EPC Data - C 63sq.m.
Council Tax - C
Tenancy/ Lease Details - Let on an assured shorthold tenancy since 13th October 2025 at a current rent of £1,650 pcm.
Current Rent/ Ground Rent PA - £19,800


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