Available
London CR5 – Takeaway & Flat
30 Chipstead Valley Road, Coulsdon, London CR5 2RAFreehold Takeaway & Residential Investment
Price
£600,000
Rent P.A.
£17,000
Yield
2.83%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
9m
Area
1,130 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway and first floor flat. Entire property let until April 2023.
- Asset management opportunity. Tenant willing to sign a new lease for the takeaway only
- Development opportunity to extend at rear and loft, subject to obtaining consents
- Town centre location within walking distance to Coulsdon Train Station, with occupiers nearby including Aldi, Tesco Express, Papa Johns and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor takeaway with first floor self-contained flat, providing the following accommodation and dimensions:
Ground Floor: 60 sq m (645 sq ft)
Open Plan Takeaway, Storage, WC
First Floor: 45 sq m (485 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Ground Floor: 60 sq m (645 sq ft)
Open Plan Takeaway, Storage, WC
First Floor: 45 sq m (485 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Tenancy Description
The entire property is at present let to an Individual for a term of 10 years from 25th April 2013 at a current rent of £17,000 per annum and the lease contains full repairing and insuring covenants.
*Asset management opportunity. Tenant expressed interest to sign a new lease for the ground floor takeaway only.
*Asset management opportunity. Tenant expressed interest to sign a new lease for the ground floor takeaway only.
Tenancies & Accommodation
Location Description
Coulsdon is a town in south London, England, within the London Borough of Croydon and the historic county of Surrey. The property is located in the town centre within walking distance to Coulsdon Train Station, which provides direct access to London Bridge Station in 30 mins. Occupiers nearby including Aldi, Tesco Express, Papa Johns and many more.
