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.