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Mixed Use Freehold Investment For Sale - Brighton Road, South Croydon, CR2

For sale: £1,500,000.00|5,740 Sq Ft|Flat, Residential Land, General Retail, Retail - High Street, Land, Retail, Residential, Commercial Land

Property details

FOR SALE£1,500,000.00
SIZE5,740 Sq Ft
ADDRESS Brighton Road, South Croydon, CR2 6EG
TYPEFlat, Residential Land, General Retail, Retail - High Street, Land, Retail, Residential, Commercial Land
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON29th September 2019

Description

Prominent large corner shop premises, with 4 self-contained flats above. The retail unit is currently let, trading as a Mediterranean convenience store, at a passing rent of £27,000 per annum, with 11 years unexpired and with the next rent review in 2021.

The upper parts, which have recently been refurbished to a high standard and are vacant, comprise 2 x 1, 1 x 2 and 1 x 3 bedroom apartments.

Situated on Brighton Road (A235) in a prominent corner position, between Mansfield Road and Newark Road in South Croydon. Neighbouring occupiers include; William Hill, Morleys, as well as other local and independent traders.

South Croydon mainline railway station is within walking distance, providing services to London Bridge, East Croydon, Clapham Junction, Purley and Caterham. There are also buses serving the area, located on Brighton Road.

We are advised that the potential rental value for the four flats above, will be in the region of £60,000 per annum and VAT is not applicable on the sale.

Location

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Location: Brighton Road, South Croydon, CR2 6EG

Morden (5.3 miles)

Colliers Wood (5.5 miles)

Tooting Broadway (5.8 miles)

South Croydon (0.5 miles)

Purley Oaks (0.6 miles)

Sanderstead (0.6 miles)

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