Retail and Residential Investment Opportunity
Retail and Residential Investment Opportunity
Carshalton is an affluent Surrey commuter town located 12 miles south of Central London, 4 miles west of Croydon and 9 miles north of the M25 (Junction 9). The property is situated in a predominantly residential suburb 1.5 miles north of Carshalton town centre on Wrythe Lane, close to its junction with Stavordale Road. There is a bus stop close by. Nearby occupiers include Betfred, Superdrug, Costcutter, Barnardo’s and Lidl.
Leasehold. Held for a term of 99 years from 24th June 1935 (approximately 16 years unexpired) under two separate leases at a rent of £41 per annum and £40 per annum respectively.
Carshalton is an affluent Surrey commuter town located 12 miles south of Central London, 4 miles west of Croydon and 9 miles north of the M25 (Junction 9). The property is situated in a predominantly residential suburb 1.5 miles north of Carshalton town centre on Wrythe Lane, close to its junction with Stavordale Road. There is a bus stop close by. Nearby occupiers include Betfred, Superdrug, Costcutter, Barnardo’s and Lidl.
Leasehold. Held for a term of 99 years from 24th June 1935 (approximately 16 years unexpired) under two separate leases at a rent of £41 per annum and £40 per annum respectively.
The property comprises a ground floor shop with a selfcontained flat above on first and second floors.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop with a selfcontained flat above on first and second floors.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 100 sq m |
(1,076 sq ft) |
INDIVIDUAL t/a Christina’s Nails |
10 years from 28/05/2010 |
£10,000 (1) (2) | 2020 |
| First/ Second |
Residential | 5 Rooms, Kitchen & Bathroom 92.60 sq m |
(997 sq ft) |
INDIVIDUALS | AST for 1 year from 27/02/2018 |
£16,200 (annualised) |
26/02/2019 |
| Total |
192.60 sq m |
(2,073 sq ft) |
£26,200 | ||||
(1) Please note the 2015 rent review has not yet been triggered.
(2) Rent deposit of £6,000 held.
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