Commercial property for sale in Chipstead Valley Road, Coulsdon CR5

From £595,000
Commercial property for sale
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Property features

  • 3 story mid terrace property located on a busy High Street
  • Investment let at £34,700 pa
  • Redevelopment potential to extend at the back and add an additional 2 flats (subject to the requisite consents)
  • Current retail occupier has been in occupation since 2013

Property description

Strapline

Auction Sale - 02/06/2021

Of interest to Investors and Developers. A three story mid terrace property located on a busy high street comprising of retail shop (let), 3 x flats (let). Further development potential to build a rear extension to create an additional 2 flats (subject to the requisite consents) Investment Let - £34,700

Description



3 story mid terrace property forming part of a an establish shopping parade.

Comprising of a Retail unit on the Ground floor, 1 bed/studio flat at basement level, 1 bed flat at first floor and 1 bed flat at 2nd Floor (accessed via the rear)

The property is in reasonable condition through out and offers an excellent investment opportunity.

There is further potential to redevelop the property by adding a a 2 story rear extension to the back of the property comprising of 2 x 1 bed flats. Precedent has been set in the area with several nearby properties having carried out similar extensions. (subject to the requisite consents)

Location



Located on southern section of Chipstead Valley Road and located between the junctions of Brighton Road and Lion Green road.

Abroad range of amenities can be found on Chipstead Valley road and Coulsdon Station is located 0.2 mile (approximate) and offers train services to Victoria station and Gatwick Airport.

Transport



Coulsdon Station - National Rail

Southern Rail Service

Tenancy



Retail unit - Let to Valley Homes Limited for a term of 10 years from 19th April 2013 at a rent of £9,500 per annum.

Basement Flat - Let on a statutory periodic tenancy for £7,500 per annum commencing on 1st August 2013

25b Flat - Let on a 12 month assured shorthold tenancy for £9,000 per annum commencing on 4th March 2021

25c Flat - Let on a statutory periodic tenancy for £8,700 per annum commencing on 6th July 2015

Total income £34,700

Accommodation



Ground floor - Retail unit

Ground floor/Basement - Studio flat, Kitchen/Diner, Shower room/WC.

1st Floor - Living/bedroom, kitchen/diner, Shower room/WC

2nd Floor - Living/bedroom, kitchen/diner, Shower room/WC

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For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (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 Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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