Investment,Other for sale in High Street, Purley, Surrey
A prominent three-storey, mixed-use freehold building, which comprises a ground & basement floor retail unit and two self-contained one-bedroom flats in the upper parts. The property is fully let, generating £33,400pa and offers both break-up potential and the possibility of increasing the rent, through active management, with an estimated rental value in the region of £40,000pa. The two flats are let on AST agreements and the commercial unit is currently let to a charity shop with two years remaining on the lease. The commercial unit is in fair condition throughout, has good ceiling heights and benefits from the additional storage space in the basement. With its close proximity to Purley station and other local amenities, the demand for rental property in this location is high and so there is almost certainly potential to increase the rental income for both the commercial and residential units in the building.