A rare opportunity to acquire a mixed-use freehold in a prominent trading position. Ideally located in a popular parade, the property comprises a ground floor retail premises with 4 bedroom HMO on the first floor and a self-contained large light industrial unit/ warehouse to the rear. Planning permission is also in place to create up to 9 residential units. This opportunity would suit either an investor, or an owner-operator looking to occupy the currently vacant light industrial unit/warehouse whilst benefitting from rental income from the remainder of the property.
Ground Floor Commercial Unit
Measuring 1,334 sqft internally, the ground floor commercial unit fronts directly onto the busy Crofton Road parade. The unit is currently leased to Ebony & Ivory Interiors (www.ebonyivoryinteriors.com); a boutique furnishings retailer. The class E unit is leased until 2037 and has a current rent of £30,000 pa with a stepped increase to £35,000 pa in 2024 and then a further increase to £40,000 pa in 2026.
First Floor HMO
Measuring 560 sqft internally, the first floor is self-contained and accessed from the rear of the building. Configured and licensed as a 4 bedroom/4 person HMO that has been well maintained and furnished to a good standard, the HMO is currently producing £24,408 with one room vacant..
Self-Contained Light Industrial / Warehouse Building
Located to the rear of 348 Crofton Road, the unit is largely openplan and measures approx 2,200 sqft internally. Currently vacant and offered as a tidy shell, for certain businesses immediate occupation is a real prospect. Features include 3m high side sliding steel shutters, parking for 5 vehicles, 3 phase power supply, a full intruder alarm system, WC, kitchen, and a small office.