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95-105 Calley Down Cres 2,315 sq ft Retail Unit Offered at £350,000 in New Addington CR0 0EQ
INVESTMENT HIGHLIGHTS
- Small retail parade
- Customer roadside parking
- With large suburban area
EXECUTIVE SUMMARY
The premises are located in a tertiary position as the anchor to a local parade within a residential housing estate in the suburb of New Addington near Croydon.
PROPERTY FACTS Sale Pending
| Total Property Size | 4,000 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 2,000 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1907 |
| Costar Property Class | B | Total Plot Size | 0.11 ac |
| Total Property Size | 4,000 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 2,000 sq ft |
| Year Built | 1907 |
| Total Plot Size | 0.11 ac |
AMENITIES
- Signage
1 UNIT AVAILABLE
Unit 103-105
| Unit Size | 2,315 sq ft | Sale Type | Investment |
| Price | £350,000 | Tenure | Freehold |
| Price Per sq ft | £151.19 | Net Initial Yield | 5.43% |
| Unit Use | Retail | NOI | £19,000 |
| Unit Size | 2,315 sq ft |
| Price | £350,000 |
| Price Per sq ft | £151.19 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 5.43% |
| NOI | £19,000 |
DESCRIPTION
Two-storey mixed use property with ground floor retail space and two residential flats above.
SALE NOTES
Freehold investment premises comprising of double fronted retail premises to ground floor, currently let to Alliance Property Holdings Ltd(trading as Morrisons) for a new 10 year lease at a rent of £19,000 per annum. The flats are let on 999 year leases from 23/11/2006 at one peppercorn per annum. Each is required to contribute 20% to the building upkeep and insurance costs.
NEARBY MAJOR RETAILERS
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95-105 Calley Down Cres
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