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131 Addington Road, Selsdon, Surrey

Guide Price
£550,000

Business rates & charges may apply

Acorn Limited, Acorn Commercial
SIZE

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SECTOR

Shop for sale

Key features

  • Freehold mixed use building for sale
  • 2 flats & a commercial unit
  • Under-let producing £39,139pa
  • ERV £45,000pa
  • Located on popular retail parade in Selsdon
  • Guide price: £550,000 F/H
  • Flats converted in 2017

Description

This fully let mixed-use building produces £39,139pa. This includes 2x one-bedroom flats which are all let on AST's at £1128pcm & £1300pcm respectively & a commercial unit which is let at £10,000pa to a Class E, Tech shop operator. The property was granted consent in 2017 under planning ref 17/05787/FUL to convert the first and second floors into 1-bed flats. The flats are slightly underlet, market rents for one bed flats are in the region of £15,000pa & the commercial unit has an ERV of c.£14,000pa . The ERV is in the region of £46,000pa. This property will likely appeal to investors considering the day one income and the rare opportunity to acquire a freehold on this parade

Brochures

131 Addington Road, Selsdon, Surrey

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coombe Lane Tram Stop1.1 miles
  • Gravel Hill Tram Stop1.1 miles
  • Sanderstead Station1.4 miles

About Acorn Limited, Acorn Commercial

9 St. Marks Road Bromley Kent BR2 9HG

Notes

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Disclaimer - Property reference 36675FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acorn Limited, Acorn Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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