Under Offer

1-12 Majestic Way
Mitcham, CR4 2JS

Excess of £9,775,000

107,157.6 SqFt
  • Investment led opportunity with residential development potential.
  • Situated in a prominent position in the heart of Mitcham's town centre
  • Dominant foodstore anchored retail parade.
  • Site extends to 2.46 acres.
  • Potential for redevelopment of the site to include residential uses.

Location

•Located in a vibrant Greater London suburb. •Situated in a prominent position at the corner of St Marks Road and Majestic Way, at the heart of Mitcham’s town centre. •Excellent transport links with London Victoria station accessible within 20 minutes. •Large population living in and around Mitcham, with 38,000 people within a 5-minute drivetime increasing to 173,000 within 10-minutes.

Description

•Provides 58,998 sq ft (5,481 sq m) of accommodation in total, including a 30,378 sq ft (2,822 sq m) Morrisons foodstore. •Seven additional retail units let to tenants including Poundland, Boots, Halifax, Lloyds and Superdrug. •Provides the majority of retailing within Mitcham town centre. •Site extends to 2.46 acres (1 hectare) •277-space council operated car park. •Potential for redevelopment of the site to include residential uses as part of a mixed use scheme, subject to the necessary consents. •WAULT to expiry of 4.97 years, 4.62 years to tenant breaks. •97% of the income is derived from national covenants. •Total income of £625,770 per annum.

* Currencies are changed from British Pound (GBP) to either Euro (EUR) or US Dollar (USD). Rates updated daily at approximately 01:00 hours.

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