6 Week completion
Located in a prominent position on this busy retail thoroughfare, opposite the junction with Victoria Road, amongst such multiples as Boots, Barclays, Caffe Nero, Santander, Waitrose, a new Aldi and just 250 yards from Coulsdon Town Mainline Station.
The street benefits from 30 minutes free parking for shoppers.
Coulsdon is a popular Surrey town approximately 3 miles south of Purley and 4 miles north of the M25 (Junction 6).
A mid terrace building comprising a Ground Floor Shop and Basement with separate rear access to a Self-Contained Flat on the first and second floors.
In addition, the property includes a Rear Yard and Store with parking for 1 car which is served via a rear service road.
Ground Floor Shop
Gross Frontage 18'6"
Internal Width 16'6"
Shop Depth 33'0"
Area Approx. 180 sq ft plus WC
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom and sep. WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to T. R. Mitchell as a Dry Cleaners (established 1992) for a term of 15 years from 25th December 2007 at a current rent of £23,000 per annum exclusive.
Rent Review 2020
Note 1: There is potential to convert the upper part into 2 flats, subject to obtaining possession and the necessary consents.
Note 2: The rear yard could be enlarged to provide additional parking by demolishing the unused Store, subject to any necessary consents.