An opportunity to acquire an income producing, mixed-use freehold building in Croydon.
The property comprises a ground floor commercial unit, let on a 5-year lease at a passing rent of £15,000pa and a first floor one-bedroom flat let on an AST at a passing rent of
£14,400pa.
The commercial unit measures c.655sqft and is let to Sarah Jones MP (expiring in May 2027), the lease agreement includes a rolling tenant break throughout.
The large one-bedroom flat measures c.655sqft is in good condition throughout and has potential to internally reconfigure into a two-bed (STPP), the neighbouring property has carried out these works. The property benefits from off street, private parking to the front and rear with drop down security bollards.
The subject property is positioned on a small former retail parade. Two of the neighbouring commercial units have been converted into residential.
