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1

Chipstead Valley Road, Coulsdon, Croydon

Guide price

£200,000

Size

407

Tenure

Freehold

EPC

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Parking

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Primary use
High street retail
Other use(s)
Shop
Frontage
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Floorplan
1

Building amenities

Additional costs may apply for some services – please check the full property description for more details.

  • Basement

Key features

  • Long Leasehold/ Virtual Freehold
  • Retail Parade Position
  • Incoming Producing Investment For Sale
  • Close To Woodmansterne Station
  • Close to Petrol Station

Description

Freehold income producing investment For Sale - Ground floor E class unit (Flat sold off on long lease) reflecting an attractive gross yield percentage of 6% at the current guide price.

Description

A freehold ground-floor retail property in a residential suburb of Coulsdon, with a basement.
The shop extends to approx 368 sq. Ft, with a rear garage of approximately 39 sq. Ft), providing a total of approximately 409 sq. Ft.

The property is within walking distance of Woodmansterne railway station and benefits from rear access.

Residential upper parts have been sold off on long lease of 125 years with approximately 100 years reamining on the lease.

Lease & Income

Ground floor: Leased from 1st May 2018 to 1st May 2028 with a passing rent of £12,000 pa
We understand this rent to be lower than market value so an immediate uplift is possible subject to usual negotiation
We understand that the current tenant is looking to extend the lease by another 5-10 years
A 6 month deposit from the tenant is held

Terms

Guide Price of £200,000 (offers are invited)
Additional information
Service charge
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Business rates
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Use class
E
Listed building
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Floors in building
2
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Chipstead Valley Road, Coulsdon, Croydon

NEAREST STATIONS

National Rail

Woodmansterne Station

0.15 miles

National Rail

Coulsdon South Station

0.59 miles

National Rail

Coulsdon Town Station

0.75 miles

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Disclaimer - Property reference RPL-SK786322-00. 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 Residenza Properties, London. 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.