12 Croydon Road
Caterham
CR3 6QB
FREEHOLD RETAIL & RESIDENTIAL INVESTMENT
758 sq ft
Retail & Residential Investment
£730,000
Key Features
- Freehold mixed use retail & residential investment
- Prime town centre location
- Ground floor shop let to Kenley Financial Ltd (financial advisers)
- Shop rent of £18,000 per annum from March 2025
- Two Spacious, split-level, self-contained 2 bed flats
- Flats producing £34,200 per annum
- Freehold price £730,000 (subject to contract)
- No VAT
Tenancy
| Accommodation | Floor Area | Floor Area | Tenant | Term | Term | Rent (PA) | Rent Reviews | Repair & Insurance | Other |
|---|---|---|---|---|---|---|---|---|---|
| Sq.ft | Sq.m | Start | Expiry | ||||||
| Ground floor - Retail | 758 | 70.42 | Kenley Financial Ltd (with personal guarantors) | 01/03/24 | 28/02/34 | £18,000 | 01/03/29 | Effective full repairing and insuring terms | There are two personal guarantors to the lease. Rent review to higher of RPI or open market. Tenant break 1 March 2029. |
| Flat 2C, Mount Pleasant Road | GIA 863 | 80.18 | Individual | 29/11/24 | 28/11/25 | £17,400 | N/A | Assured Shorthold Tenancy | 2 Bedroom Flat - 863 sq.ft /80.18 sq.m GIA |
| Flat 2D, Mount Pleasant Road | GIA 735 | 68.28 | Individual | 12/12/24 | 11/12/25 | £16,800 | N/A | Assured Shorthold Tenancy | 2 Bedroom Flat - 735 sq.ft /68.28 sq.m GIA |
Description
An attractive mixed-use, prime town centre investment.
The premises comprise a substantial, two / three storey end of terrace building.
The ground floor retail unit, trading as Kenley Financial, has been fitted out to a high standard with a wooden laminate flooring, LED Lights and air conditioning, together with a modern kitchen area and toilet.
The 2 flats are fully self-contained each with a separate entrance from Mount Pleasant Road. Both Flats have been recently refurbished to a good standard and let on AST’s
Location
The premises occupy an excellent location within the centre of Caterham Valley which has a wide selection of shops, restaurants and other local amenities.
Caterham benefits from good road and rail connections with Junction 6 of the M25 close-by at Godstone. There is also a Mainline Railway Station within easy walking distance providing regular services to Croydon and London.
Terms
Sale Price
We are instructed to seek £730,000 for the freehold, subject to contract.
EPC
This premises has an EPC Rating of D (90) for the shop, D (65) for Flat 2C and D (60) for Flat 2D.
Viewing
For further information or to view please contact
Chris Richards MRICS Tel: 01737 222835
Email: chris@raynerscommercial.com
Joe Yorke Bsc Hons Tel: 01737 222835
Email: joe@raynerscommercial.com
VAT
We understand that VAT is not applicable to the sale price.