Retail premises for sale in Parchmore Road, Thornton Heath CR7

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Retail premises for sale

Property description

Crown Lets 4U Estate Agents are proud to present a freehold mid terrace building arranged to comprise a ground floor retail unit and 3 x self-contained residential flats. This Investment retail unit is let on a licence agreement and all residential units have been sold on leases.

The ground floor retail unit comes with A1/A2 licence, size is 110 Square Feet (10.22 Square Meters), approximately. Located on a busy Parchmore Road with free on street parking and the surrounding area making it easily accessible to all local amenities. This premises is less than 5 minute walk to Thornton Heath British Rail Overground Station and many buses are within close proximity too.

Total rent reserved is £5,925 Per annum

Ground Floor Retail Unit: Let on a licence agreement for a term of 1 year from 1st February 2019 at a rent of £450 Per Calendar Month

Ground Floor Flat: Sold on a lease for a term of 99 years from 24th June 2013 at a current ground rent of £175 Per Year (rising).

First Floor Flat: Sold on a lease for a term of 125 years from 18th November 2011 at a current ground rent of £125 Per Year (rising).

First & Second Floor Flat: Sold on a lease for a term of 99 years from 24th January 2014 at a current ground rent of £225 Per Year (rising).

Property info

Floorplan(s): Floorplan 1

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Crown Lets 4U, CR0 on +44 20 8128 4477 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Crown Lets 4U, and do not constitute property particulars. Please contact Crown Lets 4U for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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