The Great Choice, 906 London Road, Thornton Heath
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- SECTOR
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Key features
- High Yielding Mixed-Use Investment
- Retail Unit with Four Flats to the Upper Parts
- Fully Let to Four Tenants
- Retail Unit Let with 14 Years Unexpired and No Breaks
- Upper Parts Let on Separate ASTs (one flat sold Long Leasehold)
- 2,626 sq ft (244 sq m)
- Prominent High Footfall Pitch
- VAT-Free Investment
- Investment Let at £65,520 p.a. (10.08% GIY on Guide Price)
Description
Arranged across ground, first and second floors, the property comprises a ground floor retail unit with four residential flats.
The property is fully let, with the ground floor let to a private individual trading as a convenience store on a commercial lease with approx 14 years unexpired and producing £12,000 per annum.
The upper parts are let on separate ASTs with one flat sold-off on a long leasehold basis and producing a combined rent of £53,520 per annum. The total aggregate rent is therefore £65,520 per annum, please see the accommodation and tenancy schedule for more information.
The property benefits from a prominent frontage to London Road, a principal arterial route linking the centres of Croydon, Thornton Heath and Norbury. The street therefore benefits from high footfall and is characterised by similar mixed uses including a number of national retailers. Tesco and Lidl are immediately opposite the property.
The Great Choice, 906 London Road, Thornton Heath
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thornton Heath Station0.7 miles
- Therapia Lane Tram Stop1.0 miles
- Norbury Station1.0 miles
Notes
Disclaimer - Property reference 979F37C8-3A00-416D-AA09-9244B69E10BE. 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 Savills, Savills Auctions- 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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