For Sale
The property comprises a three-storey mixed-use building, arranged to provide a ground floor retail unit currently trading as a local supermarket, with residential accommodation above.
The upper floors are independently accessed via a doorway to the front elevation and comprise a self-contained maisonette.
The first floor provides a landing, living room, kitchen and balcony, with three bedrooms (one single) and a bathroom at second-floor level.
Rear access is available via a service road.
TENANCIES
Ground Floor
Subject to a FRI lease for a term of 12 years commencing 1st April 2020 with 3-yearly rent reviews, at a passing rent of £12,000 per annum exclusive.
Upper Maisonette
Subject to a tenancy at a passing rent of £1,400 PCM.
Gross Income: £28,800 per annum
Thornton Heath is a densely populated district of South London, within the London Borough of Croydon.
The property is situated at the southern end of London Road (A23) close to its junction with Thornton Road and benefits from high levels of passing traffic.
Thornton Heath Rail Station lies approx. 1 km east, providing regular, direct services to central London including Battersea Park, London Bridge and Victoria.
1,720 sq ft (159.79 sq m)
Guide Price: £425,000 (Four Hundred and Twenty-Five Thousand Pounds) for our client’s Freehold Interest, subject to the existing tenancies.
