115 Lower Addiscombe Road, Croydon
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Tenure
Freehold
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Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- High Yielding Mixed Use Investment
- Retail Unit and Two Flats
- Fully Let to Separate Tenants
- Ground Floor Let to a Tyre Shop
- 12 Year Lease Expiring 31.09.2032
- Upper Parts Let on Separate Residential Tenancies
- Forms Part of a Popular Parade
- Investment let at £48,800 p.a. (10.16% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with two flats to the upper parts, the property is fully let to separate tenants and producing a combined rent of £48,800 per annum
The ground floor is let to a private individual t/a Croydon Tires on a 12 year lease expiring 31.09.2032 and producing £20,000 per annum.
Flat 2 comprises a one bedroom flat and is let on a tenancy producing £14,400 per annum (£1,200 pcm)
Flat 3 comprises a one bedroom flat and is let on a tenancy producing £14,400 per annum (£1,200 pcm)
The property occupies a prominent pitch fronting Lower Addiscombe Road, a principal arterial route for both vehicles and pedestrians. The property is opposite a pedestrian crossing providing regular footfall. The surrounding area is characterised by residential and similar mixed uses.
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
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Brochure
115 Lower Addiscombe Road, Croydon
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Disclaimer - Property reference 271B8BFF-C007-4939-A282-542A7DA695B8. 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 National , 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.