Commercial premises for sale in Tooting

This property is marketed by:
Connect UK Auctions

KEY FEATURES

• FOR SALE BY AUCTION. UNLESS SOLD PRIOR SUBJECT TO ALL AUCTION CONDITIONS AS PER THE
•  LEGAL PACK.
•  Currently rented @ £16,800 per year.
•  9.6% gross Yield @ £175,000
•  Auction Finance Available By Request.
•  Auction legal pack available by request.
•  Viewings: By appointment only - please contact the office
•  Excellent Location in Tooting

TO BE SOLD AT AUCTION. A commercial premises currently rented @ £16,800 per year, until 2031. Trading as "Olive 3 Pizza." High street location. Excellent opportunity with immediate income.

ACCOMMODATION:

Ground floor; Service/ Eating/ Waiting area. Kitchen and strorage.

Lower ground floor; Cold room and storgae.

LOCATION:

Tooting is a district in South London, forming part of the London Borough of Wandsworth. It is located 5 miles (8 kilometres) south south-west of Charing Cross.

VIEWING:

By appointment only - please contact the office.

TENURE:

Leasehold

AUCTION DATE:

Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Thursday12th December 2024.

The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

UNCONDITIONAL LOT:

Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).

*Connect UK Auctions does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. All displayed property boundaries use data provided by Land Registry and is assumed to be correct and updated regularly. However for the avoidance of doubt all displayed property boundaries are indicative and for marketing purposes only.

Reference: CCM-68529611