We use cookies to track visits to our website, we store no personal details.

hi

Home » Property Search » Auctions » 13/12/16 » 1035 London Road, Thornton Heath, Surrey, CR7 6JF

Lot 31 - 1035 London Road, Thornton Heath, Surrey, CR7 6JF

LotImage
LotImage
LotImage
LotImage

FREEHOLD COMMERCIAL & GROUND RENT INVESTMENT

Guide price: £150,000 - £160,000 *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

A single storey ground floor lock-up shop trading as 'The Grill Shack' a fast food take-away with two flats above, both sold on long leases.

Forming part of a local retail parade between Galpins Road and Headcorn Road, approximately 2 miles from West Croydon and Streatham mainline train stations.

EQUIVALENT TO £12,150 p.a. WITH RENT REVIEW NOW DUE

Result

Sold for £182,000.

Accommodation

Column 1 Column 2 Column 3
1035a: Sold off on a 125 year lease from 24.06.1986 at £75 p.a.
1035b: Sold off on a 125 year lease from 24.06.1986 at £75 p.a.
1035 Ground Floor Shop:
Retail Area: 517 sq ft (48.1 sq m)
Kitchen/Prep: 170 sq ft (15.74 sq m
Total: 687 sq ft (63.84) sq m

Held on an 18 year lease to Mohammed Hussain at a current rent of £12,000 p.a. from 05.08.2016 with a rent review due 01.11.2016 and 5 years thereafter.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

  • viewing iconProxy Bidding Form
  • Pre-Register to Bid
  • enquiry iconProperty Enquiry
  • email shareSend To A Friend
  • print iconPrint Details
  • legal document iconView Legal Documents
  • pdfPDF

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.