West Norwood, Norwood High Street, SE27 9NH
United Estates is pleased to bring to the market this mixed use investment opportunity along Norwood High Street, SE27...
GENERAL DESCRIPTION The property comprises a middle terrace building constructed on ground, first and second floors. The whole of the ground floor is let on full (FRI) commercial Lease. The upper floors comprise a self-contained flat over 2 floors and let on a residential Assured Shorthold Tenancy. Pedestrian and vehicular access to the rear of the building is also available to the shop premises via Honey Mews. The building is of masonry construction under a traditional mansard slated roof at the front with flat roof sections over the main and extended parts of the building.
SHOP LEASE Current Rent £15,000 p.a and subject rent reviews. We understand the current Use Class of the premises is A5 Hot food takeaways. Ground floor Net Internal Floor Areas (Sq m) Takeaway counter/waiting area 21.08 Sq m Kitchen 17.78 Sq m Storage to rear 16.72 Sq m Toilet / shower accommodation 4.1 Sq m Total approx area of ground floor A5 unit is: 61 Sq m (656 Sqft)
UPPER RESIDENTIAL The upper floors comprise a self-contained flat over 2 floors and let on a residential Assured Shorthold Tenancy receiving £16,000 p.a. The accommodation can be offered with vacant possession from October 2019. Front Entrance door from Norwood High Street into self-contained Flat and upper floors. First Floor Living Room 3.35 x 2.44m Kitchen/Dining area 3.38 x 3.35m Bedroom 1 4.32m x 3.12m Second floor Bedroom 2 4.34 x 3.13m Bedroom 3 4.67 x 3.45m The flat benefits from double glazing and gas central heating throughout and is rated in Band C for Council Tax purposes. The EPC rating for the residential dwelling is rated as Band D.
GUIDE SALE PRICE: £699,950 for the freehold interest subject the existing tenancies (We understand VAT is not applicable to this sale).
Any question? Call at020 8664 6636.
We are committed to providing a professional, independent and customized service to all our clients, the first timer or the more experienced property investor. Our portfolio of services embraces the sale, purchase, letting and management of residential/commercial properties across a wide area. We are proud of our reputation and expertise - painstakingly built nearly three decades of presence in this sector. With a buoyant property market in Streatham and the peripheral areas, these are exciting times especially as demand continues to outpace the supply of housing stock.