CR7 1074 London Road, Thornton Heath

Mixed Use Investment, available Freehold subject to the existing Tenancies.

Offers sought in excess of £425,000 for the Freehold interest, subject to the existing Tenancies.

Fully let - current income £32,500 per annum exclusive

The ground floor is let out on a 20 year Lease from 19/07/2024 with five yearly upward only rent reviews at £17,500 per annum. The Lease is held within the Landlord & Tenant Act 1954. Use Class E (Coffee Shop). The self-contained split level maisonette is currently held on an Assured Shorthold Tenancy from 19 September 2016, now Statutory Periodic Tenancy at a rental of £15,000 per annum, ie £1,250 per calendar month.

The property is prominently located on the eastern side of London Road (A23), which connects Thornton Heath with Streatham and Central London continuing North. The surrounding area supports a mix of primarily independent traders. Nearby occupiers include Betfred and Tesco Express.

Rental Income £32,500 pa