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Moreland Road, Croydon, CR0

£999,950

Property Description

Key features

  • Investment Opportunity
  • Freehold OR Leasehold units
  • Food Retail with A3/A5 use
  • 2x 3 Bed Flats
  • 1 x 2 Bed Flat
  • Off street Parking
  • Long Leases
  • can be sold as separate units

Full description

FREEHOLD COMMERCIAL PREMISES with 2 flats above and 1 at rear - Fantastic Investment Opportunity. Comprises 2x 3 Bed Flat; 1 x 2 Bed Flat, Food Retail A3/A5 use.

This unit comprises as:

-Two 3 bed leasehold flats
-One 2 bed flat at the rear
-Ground floor Retail FOOD unit (Chicken Shop) A3/A5 use
The property is available for sale EITHER as a whole FREEHOLD unit OR sold under separate title deeds as below. The three bed units estimated rent is approx £15,000pa each, the two bed flat estimated rental is approx £11,000pa rent and the A3/A5 Retail unit achieves £1,000 pa; meaning the whole investment property could achieve total rental income of £53,000pa.

SITUATION

FIRST FLOOR LIVING ACCOMMODATION: Ideal for first time buyer/ or for an investment income opportunity. Close to East Croydon, First floor a specious 3 bed flat above a small takeaway/restaurant comprising lounge, kitchen, 3 beds, bathroom/ WC utility room, some modernisation required, OIRO £275,000.Ground rent £100 per year, service charges approx £500 per year including building insurance.
Lease approx 120 years

SECOND FLOOR LIVING ACCOMMODATION: Ideal for first time buyer/ or for an investment income opportunity. Close to East Croydon, Top floor a specious 3 bed flat above a small takeaway/restaurant comprising lounge, kitchen, 3 beds, bathroom/wc, utility room, some modernisation required, OIRO £275,000, Ground rent £100 per year, service charges approx £500 per year including building insurance.
Lease 120 years

REAR ACCOMODATION: Ideal for first time buyer/ or for an investment income opportunity. Close to East Croydon, Rear Flat 2 bed comprising lounge, kitchen, bathroom/wc, utility room, some modernisation required, OIRO £275,000.Ground rent £100 per year, service charges approx £500 per year including building insurance. There is Parking for 1 car at the rear
Lease approx 120 years

FOOD RETAIL (MORLEY'S CHICKEN SHOP): Ideal Freehold lock-up commercial investment as FAST FOOD business. This commercial premises benefits from good transport links to East Croydon and a high foot fall of people in the area, making it ideal for this type of business. Currently trading as "Morleys Chicken" with rental income £12,000 per year with 12 years remaining. Freehold £200,000.
Lease approx 12 years remaining

Total price of all units £1025,000, will conside offers in the region of £1000,000 foir quick sale.

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