Investment,Retail for sale in Brighton Road, South Croydon, Surrey
Opportunity for developer's investors and owner-occupiers to purchase an income producing unbroken mixed-use freehold building with further potential (STPP).
The property comprises a ground floor commercial unit and two self-contained apartments above.
The commercial accommodation measures c.900 sqft and benefits from flexible 'E' use class. The unit is currently used as office space, and offers both conversion potential and the possibility of a rear extension (STPP). There is outside space, a storage shed, and the property benefits from rear access. Whilst the unit offers further potential, it would also suit an owner-occupier for a business premises. For an investor the estimated rental value of the commercial unit is c. £18,000- £20,000pa.
The residential units are spread across first and second floors, self-contained and separately accessed from the front (Brighton Road). Both flats are let on Assured Shorthold Tenancy (AST's) of a passing rent of £950pcm and £1,250pcm respectively (£26,400 per annum).