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36 Green Ln 730 sq ft Retail Property Thornton Heath CR7 8BB £175,000 (£239.73/sq ft) 8.61% Net Initial Yield

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Investment Highlights

Mixed-use investment property
Established commercial location

Retail and residential configuration

Executive Summary

The property comprises a freehold mixed-use investment arranged as a ground floor retail unit with a self-contained flat above. The residential upper parts have been sold off on a 99-year lease from 29 September 1983 at a ground rent of £75 per annum. The ground floor shop is let on a full repairing and insuring lease for a term of 15 years from 14 October 2015 at a passing rent of £15,000 per annum exclusive, providing an established income stream. The property is offered for sale at £175,000.

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