Guide price
£200,000
(£500.00/sq. ft)
Retail premises for saleChipstead Valley Road, Coulsdon CR5
407 sq. ft
EPC Rating: D
Just added
About this property
Freehold
Retail Parade Position
Incoming Producing Investment For Sale
Close To Woodmansterne Station
Close to Petrol Station
Freehold income producing investment For Sale - Ground floor E class unit (Flat sold off on long lease) reflecting an attractive gross yield percentage of 6% at the current guide price.
Description
A freehold ground-floor retail property in a residential suburb of Coulsdon, with a basement.
The shop extends to approx 368 sq. Ft, with a rear garage of approximately 39 sq. Ft), providing a total of approximately 409 sq. Ft.
The property is within walking distance of Woodmansterne railway station and benefits from rear access.
Residential upper parts have been sold off on long lease of 125 years with approximately 100 years reamining on the lease.
Lease & Income
Ground floor: Leased from 1st May 2018 to 1st May 2028 with a passing rent of £12,000 pa
We understand this rent to be lower than market value so an immediate uplift is possible subject to usual negotiation
We understand that the current tenant is looking to extend the lease by another 5-10 years
A 6 month deposit from the tenant is held
Terms
Guide Price of £200,000 (offers are invited)
Description
A freehold ground-floor retail property in a residential suburb of Coulsdon, with a basement.
The shop extends to approx 368 sq. Ft, with a rear garage of approximately 39 sq. Ft), providing a total of approximately 409 sq. Ft.
The property is within walking distance of Woodmansterne railway station and benefits from rear access.
Residential upper parts have been sold off on long lease of 125 years with approximately 100 years reamining on the lease.
Lease & Income
Ground floor: Leased from 1st May 2018 to 1st May 2028 with a passing rent of £12,000 pa
We understand this rent to be lower than market value so an immediate uplift is possible subject to usual negotiation
We understand that the current tenant is looking to extend the lease by another 5-10 years
A 6 month deposit from the tenant is held
Terms
Guide Price of £200,000 (offers are invited)
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Monthly repayment
£1,000 per month
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