Retail premises for sale

Chipstead Valley Road, Coulsdon CR5

Investment Summary

Freehold mixed-use retail & residential investment
Town centre location
One shop let & one shop vacant
Includes vacant 2-Bedroom self-contained flat
Currently producing £11,750 per annum
Freehold price £440,000 (subject to contract)
No VAT

Location

The property is located in the centre of Coulsdon, on the southern side of Chipstead Valley Road between its junctions with Brighton Road and Lion Green Road. Chipstead Valley Road comprises a vibrant mix of independent retailers and multiples, with Tesco Express and Aldi Supermarket close by. There is free on street parking (30 minutes) available on Brighton Road and a Public car park around the corner in Lion Green Road. Coulsdon is located 4 miles to the North of the M25/ M23 (Junction 7) via the A23. Coulsdon South Railway Station is within walking distance and there are numerous bus routes in the vicinity.

Description

The premises comprise two adjacent lock-up shop units together with a spacious two-bedroom flat above. The flat has its own self-contained entrance fronting Chipstead Valley Road and benefits from modern kitchen units, UPVC double glazing and gas fired central heating.
EPC


Shop at 51 Chipstead Valley Road D (76)
Shop at 53 Chipstead Valley Road C (61)
Flat at 51A Chipstead Valley Road C (69)

Tenure

Freehold.

Sale Price & Potential

We are instructed to seek £440,000 for the freehold, subject to contract.

Assuming the vacant shop is also let at £11,750pa and the flat let at £16,800pa (£1,400pcm) a purchase at this level would reflect a Gross Initial Yield of 9.16%.

VAT We understand that VAT is not applicable to the sale price.