Commercial property for sale in Church Road, Crystal Palace SE19
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Property features
- Investment Oppurtunity
- Freehold
- Whole Building
Property description
The property comprises of ground, basement, first and second floor of a three storey terraced building with brick facia beneath a pitched roof.
Ground and basement floor provides a bar area and restaurant area with seating on loose tables and chairs for 80 customers. Ancillary areas include a trade kitchen and customer WC’s. Basement includes a separate function room and bar.
Uppers comprise of two 1 bedroom flats and a two bedroom flat all sold off on long leases with ground rents at £100 for the one beds and £200 for the two bedroom flat.
Tenure
The property is held freehold.
Tenancy
The ground and basement floors are let to Yak & Yeti Limited on a new 15 year lease from 01 Aug 2023 at a current rent of £34,000 per annum which is subject to five yearly open market rent reviews.
Planning
The property is not listed or situated within a conservation area.
Terms
We are instructed to invite offers at £550,000 (6.18% niy) assuming the usual purchasers costs.
Additional info:
Each of the upper residential leases have approx 65 years remaining
For more information about this property, please contact
Eaton Green, SE5 on +44 20 3641 8703 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Eaton Green, and do not constitute property particulars. Please contact Eaton Green 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.