£180,000

Retail premises for sale

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  2. Property photo 2 of 8.
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Fixed price

£180,000

(£450.00/sq. ft)

Retail premises for sale

Anerley Road, London SE19

400 sq. ft

Local area information

Property location

Nearby amenities

  • Crystal Palace 0.1 miles
  • Harris City Academy Crystal Palace 0.4 miles
  • James Dixon Primary School 0.4 miles
  • Anerley 0.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Forest Hill to find out more about the area.

Features and description

  • Comprises two ground floor shops and four residential flats (sold-off)
  • Potential to increase income by letting out advertising space at the front
  • Unit 1 tenant refurbished the property in 2019. Café rated 4.8/5 Stars on Google
  • Unit 2 tenant has been in occupation for more than 10 years
Investment Consideration:
Gross Initial Yield: 7.98%
Rental Income: £14,360 p.a.
VAT is not applicable to this property
Comprises two ground floor shops and four residential flats (sold-off)
Potential to increase income by letting out advertising space at the front
Unit 1 tenant refurbished the property in 2019. Café rated 4.8/5 Stars on Google
Unit 2 tenant has been in occupation for more than 10 years
Located within short walk to Crystal Palace Train Station and Crystal Palace Park.

Property Description:
The property comprises 2 x Retail Units and Vacant Advertising Board at Ground Floor and 4 Residential Flats which have been sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor: 37 sq m (400 sq ft)
Retail Unit A: Café - 20 sq m (220 sq ft)
Retail Unit B: Shop - 17 sq m (180 sq ft)
Basement: Residential Flat (Sold-Off)
First Floor: Residential Flat (Sold-Off)
Second Floor: Residential Flat (Sold-Off)
Third Floor: Residential Flat (Sold-Off)

Tenancy:
Unit A is at present let to an Individual t/a Mozart London Café for a term of 5 Years from 25th November 2019 at a current rent of £8,400 per annum and the lease contains full repairing and insuring covenants. Deposit held of £2,800.
Unit B is at present let to Frozen Water for a term of 3 Years from 15th May 2019 (Holding Over) at a current rent of £5,160 per annum and the lease contains full repairing and insuring covenants.
All 4 Residential Flats have been sold-off on long leaseholds for a term of 125 Years from 24th June 2004 at a ground rent of £200 p.a. Each. (£800 p.a. In total). Reversion 2129.

Location:
Crystal Palace is located just north of Croydon and approximately 6 miles south-east of central London, benefitting from good transport links via Crystal Palace Mainline Station being just a few hundred yards away. The property occupies a busy trading position near the junction with Hamlet Road within this well established shopping parade near a Tesco Express and a variety of local traders as well as being just a short walk from the open spaces at Crystal Palace Park.

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  1. Zoopla
  2. Commercial for sale
  3. London
  4. South London
  5. Crystal Palace
  6. Anerley Road

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