Block of flats for sale

42-65 & 76-94 Monarch Parade, London Road, Mitcham CR4

Lot 95 **for sale by online auction** on 10th February 2026

Head Leasehold Ground Rents and Six Lock-Up Garages

Situated on London Road, close to local shopping/travelling facilities including Mitcham Eastfields and Tooting Train Stations. Mitcham Common is also nearby.

The property comprises a Head Leasehold Ground Rent Investment secured upon 42 Flats and Six Garages with schedule as follows:

Flats (42,43,46,47,49,50,51,52,53,54,55,57,58,59,60,61,62,63,64,65,77,80,81,82,83,84,85,86,87,88,90,91,92,93,94)

Each on a 999 year lease from 1991/1992/1993 at a ground rent of £50 per annum rising. (please see legal pack for exact lease schedules).

Flat 44 99 years from 30th June 2010 at a ground rent of £100 per annum rising. Valuable reversion in approximately 83 years

Flat 45 99 years from 28th May 2013 at a ground rent of £100 per annum rising. Valuable reversion in approximately 86 years

Flat 48 99 years from 27th May 2009 at a ground rent of £100 per annum rising. Valuable reversion in approximately 82 years

Flat 56 189 years from 8th May 2000 at a peppercorn ground rent.

Flat 78 99 years from 12th May 2006 at a ground rent of £100 per annum rising. Valuable reversion in approximately 79 years

Flat 79 99 years from 25th February 2005 at a ground rent of £100 per annum rising. Valuable reversion in approximately 78 years

Flat 89 125 years from 1st July 2022 at a ground rent of £200 per annum rising.

Six Lock-Up Garages

Garage 7 Vacant Possession

Garage 11 Let at £60 per calendar month

Garage 11(D) - Vacant Possession

Garage 19 - Let at £30 per calendar month

Garage 24 - Vacant Possession

Garage 26 - Let at £50 per calendar month

Head Leasehold. The property is held on a lease for a term of 250 years from 11th March 1997 (thus having approximately 221 years unexpired) at a peppercorn ground rent.

Producing a Total of £5,180 per annum and in addition Three Vacant Lock-Up Garages

In accordance with Section 5(B) of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.