Summary - London Road, Mitcham, Surrey, CR4 CR4 3NB
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime freehold commercial investment in a busy urban area
- 7 fully let commercial units with a total income of £152,000 per annum
- Potential to develop unused basement space and air rights above
- High visibility on London Road with substantial foot traffic and nearby bus stops
- Low-maintenance, modernist architecture with ample storefronts
- Prominent surrounding businesses including British Heart Foundation, Greggs, and KFC
**Concerns:**
- Head lease restricts full control over the upper floors and basement
- High local crime rate may deter some investors
- Surface parking subject to rights of way could limit accessibility
This expansive commercial property at 272-286 London Road in Mitcham presents a lucrative investment opportunity in a vibrant urban environment. Comprising seven commercial units, all currently let, this freehold building generates a substantial income of £152,000 annually. Its strategic corner position ensures high visibility and heavy pedestrian traffic from nearby schools and retailers, making it an ideal locale for various commercial ventures.
Investors will also appreciate the untapped potential of converting unused basement space into income-generating units and the recent outline planning consent for developing air rights above the property. Although there are some limitations due to the head lease of the upper floors, its excellent location and high yield make this a unique opportunity not to be missed. Given the surrounding amenities and the prospect for future enhancements, now is the perfect time to capitalize on this high-demand area where commercial properties are scarce. Offered at a competitive price of £1,750,000, this property is poised to deliver solid returns for the discerning buyer.
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