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38 Croydon Rd 526 sq ft Retail Property Caterham CR3 6QB £410,000 (£779.47/sq ft) 7.93% Net Initial Yield
Investment Highlights
- Excellent location within the centre of Caterham Valley
- Junction 6 of the M25 close-by at Godstone
- Mainline Railway Station within easy walking distance providing regular services to Croydon and London
Executive Summary
An attractive mixed-use, prime town centre investment.
The premises comprise a substantial, three storey building together with rear garden, external store and parking. The ground floor retail unit, trading as Samos Records, has been fitted out to a good standard with wood-effect laminate flooring, LED lighting and air conditioning, together with a modern kitchen / store and toilets to the rear.
The flat is fully self-contained and can be accessed from either Croydon Road at the front or from the service road, off Colin Road at the rear. The flat comprises a living room, kitchen, bedroom / study and bathroom on the first floor and three further bedrooms and a toilet on the second floor. The flat also has use of the rear garden and external store.
There is a parking area accessed from the rear service road, off Colin Road, where both the shop and flat have the right to park one vehicle.
Freehold. Interested parties should note that the shop and flat are currently held under separate titles by our client. The flat is freehold with the shop is subject to a long lease.
The premises comprise a substantial, three storey building together with rear garden, external store and parking. The ground floor retail unit, trading as Samos Records, has been fitted out to a good standard with wood-effect laminate flooring, LED lighting and air conditioning, together with a modern kitchen / store and toilets to the rear.
The flat is fully self-contained and can be accessed from either Croydon Road at the front or from the service road, off Colin Road at the rear. The flat comprises a living room, kitchen, bedroom / study and bathroom on the first floor and three further bedrooms and a toilet on the second floor. The flat also has use of the rear garden and external store.
There is a parking area accessed from the rear service road, off Colin Road, where both the shop and flat have the right to park one vehicle.
Freehold. Interested parties should note that the shop and flat are currently held under separate titles by our client. The flat is freehold with the shop is subject to a long lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
526 sq ft
Costar Property Class
C
Year Built
1980
Price
£410,000
Price per sq ft
£779.47
Yield
7.93%
NOI
£32,513
Tenancy
Single
Number of Floors
3
Plot ratio
0.24
Total Plot Size
0.05 ac
Frontage
19 ft on Croydon Road
Amenities
- Signage
- EPC - D
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38 Croydon Rd
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