Retail premises for sale in High Street, London SE25

Fixed price £175,000 (£324.07/sq. ft)
Retail premises for sale 540 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Freehold Shop and Residential Ground Rent Investment
  • Comprising a shop and three flats (sold off)
  • Asset Management Opportunity
  • Under rented (erv circa £12,000)
  • Well situated on High Street
  • VAT is applicable to this property
  • Occupiers close by include Coral, Ladbrokes and Natwest, amongst others

Property description

Investment Consideration:
Gross Initial Yield: 5.94%
Rent: £10,400 p.a.
VAT is applicable to this property.
Asset Management Opportunity. Under rented (erv circa £12,000).
Comprising a shop and three flats (sold off).
Well situated on High Street.
Occupiers close by include Coral, Townsends estate agents, Ladbrokes, Jukes & Co estate agents, The Post Office and NatWest, amongst others.

Property Description:
The property is arranged on basement, ground and two upper floors to provide a ground floor shop with three flats arranged on basement and the two upper floors sold off on long leases. The flats are accessible from the rear of the property.

Tenancy Description
The shop is at present let to Marcelmar Limited t/a Polish Delicatessen for a term of 1 year from 1st September 2019 at a current rent of £10,200 per annum and the lease contains full repairing and insuring covenants. Deposit amount of £2,203 held for commercial unit. The three residential flats have been sold off on long leasehold.

Location Description:
South Norwood is a busy and densely populated South East London suburb, lying 2 miles north of Croydon and some 9 miles south of Central London and is located within the London Borough of Croydon. Norwood Junction Mainline Station provides regular non-stop services to London Bridge (journey time 17 minutes). The property is situated on the south side of High Street, in between its junctions with Portland Road and Station Road. To the rear of the property is a public pay and display car park. Occupiers close by include Coral, Townsends estate agents, Ladbrokes, Jukes & Co estate agents, The Post Office and NatWest, amongst others.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (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 Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners 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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