431 Croydon Road, Beckenham - Mixed Use Investment with Potential for Development

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Investment Summary
* Retail & residential investment. Planning permission has been granted on the demolition of the existing outbuildings and construction of a rear infill extension to create additional retail floor space and one additional residential unit.
* Ground floor shop let to a national charity with 2 no. one-bedroom flats above
* Total passing rent of £35,100 per annum.

The property is situated in Beckenham, forming part of a parade of shops close to the High Street. Beckenham Junction railway station is about half a mile from the property, offering a fast and frequent service to London Victoria. Clock House railway offers a direct service to London Charing Cross and is located approximately half a mile to the west of the property.

The accommodation comprises a ground floor self-contained shop unit with storage at the rear, currently let to the charity, MIND. 2 x one bedroom flats are above the retail unit, both let on Assured Shorthold Tenancies. An advertising hoarding measuring 4m x 3m brings in an income of £1,000 per annum.

The property is to be sold on an unconditional basis.

EPC Rating:
Ground floor shop unit E 106
Flat 1 C 75
Flat 2 C 69