Available
London SE19 – 2 Shops, Advertising Board & Ground Rent
69 Anerley Road, London SE19 2ASFreehold Retail & Residential Ground Rent Investment
Price
£180,000
Rent P.A.
£14,360
Yield
7.98%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
2 days
Area
400 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises two ground floor shops and four residential flats (sold-off)
- Potential to increase income by letting out advertising space at the front
- Unit 1 tenant refurbished the property in 2019. Café rated 4.8/5 Stars on Google
- Unit 2 tenant has been in occupation for more than 10 years
- Located within short walk to Crystal Palace Train Station and Crystal Palace Park.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises 2 x Retail Units and Vacant Advertising Board at Ground Floor and 4 Residential Flats which have been sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor: 37 sq m (400 sq ft)
Retail Unit A: Café - 20 sq m (220 sq ft)
Retail Unit B: Shop - 17 sq m (180 sq ft)
Basement: Residential Flat (Sold-Off)
First Floor: Residential Flat (Sold-Off)
Second Floor: Residential Flat (Sold-Off)
Third Floor: Residential Flat (Sold-Off)
Ground Floor: 37 sq m (400 sq ft)
Retail Unit A: Café - 20 sq m (220 sq ft)
Retail Unit B: Shop - 17 sq m (180 sq ft)
Basement: Residential Flat (Sold-Off)
First Floor: Residential Flat (Sold-Off)
Second Floor: Residential Flat (Sold-Off)
Third Floor: Residential Flat (Sold-Off)
Tenancy Description
Unit A is at present let to an Individual t/a Mozart London Café for a term of 5 Years from 25th November 2019 at a current rent of £8,400 per annum and the lease contains full repairing and insuring covenants. Deposit held of £2,800.
Unit B is at present let to Frozen Water for a term of 3 Years from 15th May 2019 (Holding Over) at a current rent of £5,160 per annum and the lease contains full repairing and insuring covenants.
All 4 Residential Flats have been sold-off on long leaseholds for a term of 125 Years from 24th June 2004 at a ground rent of £200 p.a. each. (£800 p.a. in total). Reversion 2129.
Unit B is at present let to Frozen Water for a term of 3 Years from 15th May 2019 (Holding Over) at a current rent of £5,160 per annum and the lease contains full repairing and insuring covenants.
All 4 Residential Flats have been sold-off on long leaseholds for a term of 125 Years from 24th June 2004 at a ground rent of £200 p.a. each. (£800 p.a. in total). Reversion 2129.
Tenancies & Accommodation
Location Description
Crystal Palace is located just north of Croydon and approximately 6 miles south-east of central London, benefitting from good transport links via Crystal Palace Mainline Station being just a few hundred yards away. The property occupies a busy trading position near the junction with Hamlet Road within this well established shopping parade near a Tesco Express and a variety of local traders as well as being just a short walk from the open spaces at Crystal Palace Park.
