Commercial properties for sale in Selhurst, Croydon, Surrey, Shop, this area only

A mid-parade, brick-built, two-storey commercial property extending to approximately 1,400 sqft (NIA), with a rear yard. The property is let to a takeaway operator on a 10-year FRI lease expiring in 2034. Recently refurbished internally and in fair decorative order, the property produces a current passing rent of £21,600 per annum, reflecting an attractive gross yield of 8.6%.

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.