Shop for sale

Chipstead Valley Road, Coulsdon, CR5 3BY

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Summary

Excellent investment opportunity.
Purchase of Retail unit, a 1 bedroom garden flat & freehold for whole building collecting ground rent from maisonette above. For sale in parade of shops on the ever busy Chipstead Valley Road.

Description

Retail Unit; A1 & Sui Generis usage. Commercial, glass fronted shop, with secure electric roller shutters - recently fitted out to high spec.
Located in an ideal location in a parade of shops such as Londis, an italian cafe, hairdressers, bike shop, petrol garage, bakery and chemist.
Less than 5 mins walk from Woodmansterne train station and directly outside is a bus stop. There is also free parking available on the roads surrounding.
Access to the motorway system is 5 minutes drive away, via the M23 at Hooley to the south just before it intersects with the M25 at junction 7.
Description/Accomodation
The property comprises a retail shop on ground floor with a glass frontage, kitchette and WC to the rear. - recently refurbished to suit business of a beauty salon. Sold with tenant in situ on a 5 year lease, annual rental income of £10,400. Great returns on your investment with immediate income.
1 Bedroom flat, utility room, bathroom, 1 double bedroom, open plan kitchen and living room with raised dining area. Patio garden. Double glazed with electric heating.
Sold with tenant in situ. Has been let out for £866pcm on a 6 month tenancy.
Purchase of the freehold for the whole building. Collecting ground rent of £120 per annum from top floor maisonette on a long lease - 115 years
Potential to let out the flat or re-sell as a separate with a new lease.

Disclaimer

Property advert Ref 4276954 - Is a property advert for marketing purposes only, the information has been supplied by the owner, estate agent or property portal and The House Shop makes no warranty as to the accuracy or completeness of the information. Furthermore we have no control over the adverts content. This property advertisement does not constitute property particulars. Please contact the advertiser to obtain any information regarding The Energy Performance Certificate regarding homes in England and Wales or Home Report for residential property in Scotland.

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