London CR5 - Freehold Takeaway & Residential Investment

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Investment Consideration:
Gross Initial Yield: 3.54%
Rental Income: £17,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor takeaway and first floor flat. Entire property let until April 2023.
Asset management opportunity. Tenant willing to sign a new lease for the takeaway only
Development opportunity to extend at rear and loft, subject to obtaining consents
Town centre location within walking distance to Coulsdon Train Station, with occupiers nearby including Aldi, Tesco Express, Papa Johns and many more.

Property Description:
The property comprises ground floor takeaway with first floor self-contained flat, providing the following accommodation and dimensions:
Ground Floor: 60 sq m (645 sq ft)
Open Plan Takeaway, Storage, WC
First Floor: 45 sq m (485 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom

Tenancy:
The entire property is at present let to an Individual for a term of 10 years from 25th April 2013 at a current rent of £17,000 per annum and the lease contains full repairing and insuring covenants.
*Asset management opportunity. Tenant expressed interest to sign a new lease for the ground floor takeaway only.

Location:
Coulsdon is a town in south London, England, within the London Borough of Croydon and the historic county of Surrey. The property is located in the town centre within walking distance to Coulsdon Train Station, which provides direct access to London Bridge Station in 30 mins. Occupiers nearby including Aldi, Tesco Express, Papa Johns and many more.