Mixed Use For Sale

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This freehold property comprises two titles which includes 421 Beulah Hill and 5 Crown Lane. 421 Beulah Hill includes a ground floor commercial unit which was previously occupied by a local Estate Agency, along with 2 x flats above with one flat being vacant. 5 Crown Lane includes a ground floor shop which is occupied, along with 2 x flats above which are both sold on long leases of 108 years. There are 2 x flats and 2 x commercial units measuring 2,451 sqft in total.

The current income is £19,435 per annum as there is currently a vacant flat and a 1,090 sqft commercial unit. The Estimated Rental Value (ERV) once tenanted is approximately £50,000 per annum.

The property has no planning history but there may be potential to create an additional storey or convert the ground floor into residential units via permitted development.

For more information please contact Nathan at nathan@cityandcounties.com or Latif at latif@cityandcounties.com. Alternatively, you can call us on 020 8106 8666.