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Buzz Bingo Tooting, Mitcham Road, SW17 9NA

Offers in Excess of
£5,860,000

Business rates & charges may apply

CBRE Ltd, London (Licensed, Leisure & Hotel Property)
SIZE

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SECTOR

Leisure facility for sale

USE CLASSUse class orders: Sui Generis

sui_generis_3

Floor/Site plan 1
1

Key features

  • 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 approximately 15 years. Expiry 18th December 2039
  • Current low rent of £438,249 p.a. equating to £9.23 psf
  • Annual RPI uplifts collared and capped at 1% and 4% with the next rent review in December 2025
  • The property extends 47,503 sq ft (4,413 sq m) on a 0.97 acre (0.39 hectares) site and benefits from a strong alternative use underwrite

Description

LOCATION

Buzz Bingo Tooting is located at 50 Mitcham Road approximately 6 miles south of London city centre.

Buzz Bingo Tooting is conveniently located near several public transport links making it easily accessible from all directions. The nearest tube station is Tooting Broadway Station, 100m north west of the building and providing a direct route to London Victoria with a journey time of 20 minutes. The building is also easily accessible by road, with the A24 and A217 just a few minutes' drive away. These major roads provide direct access to the M25 and central London.

SITUATION

The property is well situated in a densely populated residential area within close proximity to the busy and vibrant Tooting High Street. The site occupies a prominent position on the high street neighbouring a variety of national retailers including Sainsbury's, Primark, Pret a Manger and Barclays.

PROPERTY DESCRIPTION

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.

Brochures

Buzz Bingo Tooting, Mitcham Road, SW17 9NA

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tooting Broadway Station0.1 miles
  • Tooting Station0.6 miles
  • Tooting Bec Station0.7 miles

About CBRE Ltd, London (Licensed, Leisure & Hotel Property)

Henrietta House Henrietta Place, London, W1G 0NB

With an integrated network of over 300 wholly owned offices in more than 50 countries, our commercial property consultants advise more clients globally than any other commercial property adviser.

We work with occupiers, investors and developers of office, industrial, residential, retail and hotel property, providing strategic advice and execution for sales and leasing; tenant representation; corporate services; facilities, property and project management; appraisal and valuation; development services; investment management; energy and sustainability services, and research and consulting. To provide this service in the UK alone we have approximately 1,600 people with offices in Aberdeen, Belfast, Birmingham, Bristol, Edinburgh, Glasgow, Jersey, Leeds, Liverpool, London, Manchester, Sheffield and Southampton.

Notes

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Disclaimer - Property reference Buzz_Bingo_Tooting. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CBRE Ltd, London (Licensed, Leisure & Hotel Property). Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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