London SE19 - Freehold Retail & Residential Ground Rent Investment

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Investment Consideration:
Gross Initial Yield: 8.11%
Rental Income: £14,600 p.a.
VAT is NOT applicable to this property
Comprises two ground floor shops and four residential flats (sold-off)
Potential to increase income by letting out advertising space at the front
Located within short walk to Crystal Palace Train Station and Crystal Palace Park.

Property Description:
The property comprises 2 x Retail Units and Vacant Advertising Board at Ground Floor and 4 Residential Flats which have been sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor: 37 sq m (400 sq ft)
Retail Unit A: Café - 20 sq m (220 sq ft)
Retail Unit B: Shop - 17 sq m (180 sq ft)
Basement: Residential Flat (Sold-Off)
First Floor: Residential Flat (Sold-Off)
Second Floor: Residential Flat (Sold-Off)
Third Floor: Residential Flat (Sold-Off)

Tenancy:
Unit A is at present let to an Individual t/a Mozart London Café for a term of 5 Years from 1st December 2024 at a current rent of £8,400 per annum and the lease contains full repairing and insuring covenants. Lease renewal. Tenant in occupation since 2019.
Unit B is at present let to an Individual for a term of 5 Years from 1st December 2024 at a current rent of £5,400 per annum and the lease contains full repairing and insuring covenants. Tenant In occupation for more than 15 Years.
All 4 Residential Flats have been sold-off on long leaseholds for a term of 125 Years from 24th June 2004 at a ground rent of £200 p.a. each. (£800 p.a. in total). Reversion 2129.

Location:
Crystal Palace is located just north of Croydon and approximately 6 miles south-east of central London, benefitting from good transport links via Crystal Palace Mainline Station being just a few hundred yards away. The property occupies a busy trading position near the junction with Hamlet Road within this well established shopping parade near a Tesco Express and a variety of local traders as well as being just a short walk from the open spaces at Crystal Palace Park