Crown Lets 4u Estate Agents are proud to present a freehold mid terrace building arranged to comprise a ground floor retail unit and 3 x self-contained residential flats. This Investment retail unit is let on a licence agreement and all residential units have been sold on leases.
The ground floor retail unit comes with A1/A2 licence, size is 110 Square Feet (10.22 Square Meters), approximately. Located on a busy Parchmore Road with free on street parking and the surrounding area making it easily accessible to all local amenities. This premises is less than 5 minute walk to Thornton Heath British Rail Overground Station and many buses are within close proximity too.
Total rent reserved is £5,925 Per annum
Ground Floor Retail Unit: Let on a licence agreement for a term of 1 year from 1st February 2019 at a rent of £450 Per Calendar Month
Ground Floor Flat: Sold on a lease for a term of 99 years from 24th June 2013 at a current ground rent of £175 Per Year (rising).
First Floor Flat: Sold on a lease for a term of 125 years from 18th November 2011 at a current ground rent of £125 Per Year (rising).
First & Second Floor Flat: Sold on a lease for a term of 99 years from 24th January 2014 at a current ground rent of £225 Per Year (rising).