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58 Church Rd 744 sq ft Retail Property London SE19 2EZ £495,000 (£665.32/sq ft)
INVESTMENT HIGHLIGHTS
- Income producing property
- Good store frontage
- Mixed use freehold sale
- Located on the Crystal Palace Triangle
EXECUTIVE SUMMARY
The subject mixed-use property is part of a parade of similar properties in a popular area of Crystal Palace town-centre.
The freehold on offer includes the ground floor commercial unit and ground floor studio flat. There are two flats above which are sold off on long leases (92 years unexpired), these are not included within the sale.
The ground floor rear studio flat (known as 2 Stoney Lane) measures 269sqft internally and is currently rented on a standard AST at a passing rent of £1,150 per month / £13,800 per annum. The ground floor and basement commercial unit measures 871sqft internally is currently rented to a fitness studio operator at a passing rent of £1,600 per month / £19,200 per annum.
The freehold on offer includes the ground floor commercial unit and ground floor studio flat. There are two flats above which are sold off on long leases (92 years unexpired), these are not included within the sale.
The ground floor rear studio flat (known as 2 Stoney Lane) measures 269sqft internally and is currently rented on a standard AST at a passing rent of £1,150 per month / £13,800 per annum. The ground floor and basement commercial unit measures 871sqft internally is currently rented to a fitness studio operator at a passing rent of £1,600 per month / £19,200 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
744 sq ft
Costar Property Class
B
Year Built
1893
Price
£495,000
Price per sq ft
£665.32
Tenancy
Single
Number of Floors
4
Frontage
13 ft on Church Road
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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58 Church Rd
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