50 Mitcham Rd - Sports and Entertainment FOR SALE


London, LND SW17 9NA
$5,860,000 USD
207-182-2259
50 Mitcham Rd, London, LND for Sale
$5,860,000 USD
Sports and Entertainment - FOR SALE
1/1
null | 7% Cap Rate

50 Mitcham Rd
London, LND SW17 9NA


HIGHLIGHTS

  • Prime Leisure Investment let to Buzz Group Ltd
  • Excellent South London high street location neighbouring a variety of national retailers including Sainsbury’s and Primark
  • The property is a 1930s build, Grade I listed building
  • FRI Lease to Buzz Group Ltd. Unexpired term of 15.7 years. Expiry 18th December 2039
  • Current low rent of £423,779 p.a. equating to £8.92 psf
  • Annual RPI uplifts collared and capped at 1% and 4% with the next rent review in December 2024

OVERVIEW

A converted cinema of brick construction built in the 1930s that is Grade 1 listed. The club benefits from a smoking shelter and disabled access. The building extends 45,703 sq ft on a 0.97 acre site. There is dedicated, on-site parking that is shared with Sainsbury’s. The property is let to Buzz Group Ltd on an FRI lease with an unexpired term of 15.7 years. Expiry 18th December 2039. Offers invited in excess of £5,860,000 (Five Million Eight Hundred and Sixty Pounds). Subject to contract and exclusive of VAT for the asset. This reflects a net initial yield of 7.00% and a capital value per square foot of £140.

FOR SALE DETAILS

PRICE

$5,860,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buzz Bingo

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,365 SF

ZONING

-

APN/PARCEL ID

372874,LN31740,TGL162380

ASK ABOUT THIS PROPERTY

Toby HallCBREMore Info
207-182-2259

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Toby HallCBREMore Info
207-182-2259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.