Key Features

• Freehold mixed-use retail & residential investment
• Town centre location
• One shop let & one shop vacant
• Includes vacant 2-Bedroom self-contained flat
• Currently producing £11,750 per annum
• Freehold price £440,000 (subject to contract)
• No VAT

Location

The property is located in the centre of Coulsdon, on the southern side of Chipstead Valley Road between its junctions with Brighton Road and Lion Green Road. Chipstead Valley Road comprises a vibrant mix of independent retailers and multiples, with Tesco Express and Aldi Supermarket close by. There is free on street parking (30 minutes) available on Brighton Road and a Public car park around the corner in Lion Green Road. Coulsdon is located 4 miles to the North of the M25/ M23 (Junction 7) via the A23. Coulsdon South Railway Station is within walking distance and there are numerous bus routes in the vicinity.

Terms

We are instructed to seek £440,000 for the freehold, subject to contract.

Assuming the vacant shop is also let at £11,750pa and the flat let at £16,800pa (£1,400pcm) a purchase at this level would reflect a Gross Initial Yield of 9.16%.

Viewing

For further information or to view please contact:

Chris Richards MRICS Tel: 01737 222835
Email: chris@raynerscommercial.com