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80 High St

Shop for sale

£225,000 485 sq ft

Blue Alpine Partners Limited
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Contact name

Joseph Bachman - Blue Alpine Partners Limited

Full address
80 High St, London SE25 6EA – Croydon, London
Highlights
  • Rent review for commercial unit on 25th October 2023; rise in rent to a minimum of £15,000 p.a.
  • The property is arranged as a Ground Floor A1 commercial unit and 3 flats sold on long leases.
  • Commercial unit let to Communitea Café on a lease expiring in 2028 (No Breaks).
Property type

Shop for sale

Asking price
£225,000
Available space range
There is 1 space available. This measures 485 sq ft.
Features
Security System, Storage Space
Brochure
Download the brochure

Sale details

Sale unit 3938807 Available

485 sq ft, £463.92 per sq ft

Unit Sale unit 3938807
Address 80 High St, London, London, SE25 6EA, GB
Size 485 sq ft
Price £225,000
Price per unit £463.92 per sq ft
Unit Sale unit 3938807
Address 80 High St, London, London, SE25 6EA, GB
Size 485 sq ft
Price £225,000
Price per unit £463.92 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 6.33%
Financial type Actual
Financial year 2018
Net operating income £14,250

Sale notes

  • Freehold shop & ground rent investment vat is not applicable to this property rent review for commercial unit on 25th october 2023; rise in rent to a minimum of £15,000 p.a..
  • The property is arranged as a ground floor a1 commercial unit and 3 flats sold on long leases.
  • Commercial unit let to communitea café on a lease expiring in 2028 (no breaks).
  • Occupiers close by natwest, subway, nisa local, greggs, amongst others.
  • Location description: croydon has a population in excess of 364,000 and is one of the principal retail centres south of london, approximately 9 miles to the south of london.
  • Croydon benefits from excellent road communications being the focal point of the main road routes between central london and the south coast.

Property description

The property is arranged as a Ground Floor A1 commercial unit trading as a coffee shop and 3 flats sold on long leases (one flat in the basement, one flat on the first floor and one flat on the second floor). Tenancy: The shop is at present let to Communitea Café for a term of 10 years from 25th October 2018 at a current rent of £13,800 per annum with ground rent for the upper flats of £450 p.a. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.

Building subtype
Storefront retail residential
Number of storeys
4
Rentable building area
485 sq ft
Year built
1900

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Croydon, London.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Blue Alpine Partners Limited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners Limited for full details and further information.