Offers over
£175,000
Property for sale2 Selhurst Road, London, Greater London SE25
EPC Rating: D
Freehold
About this property
Freehold Commercial Unit (Use Class E)
Corner Positioned Unit with Plenty of Frontage
Ground Floor sized at c.775sqft (c.72sqm basement included)
Currently let at £10kpa with 3 months' notice (outside of the act)
Erv is c.£15k/£16kpa (c.8.6-9% gross yield)
Offers in Excess of £175,000
A unique opportunity to acquire this commercial unit in a well-known South London area, South Norwood, which is housed within the ground floor of this period 2-storey building. Internally the commercial unit is c.72sqm/775sqft NIA, which is currently occupied by a hair/nail salon who are holding over on a lease (outside of the act) with only a 3-months' notice required. The commercial tenant is currently paying £10kpa, with the erv expected to be c.£15k/£16kpa (c.8.6/9% gross yield). Vacant possession can be offered. The flat upstairs is sold off on a long lease.
Mortgage calculator
Monthly repayment
£875 per month
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