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FREEHOLD INCOME PRODUCING MIXED INVESTMENT

Lot 88

213 Croydon Road, Caterham, Surrey

Photo of 213 Croydon Road, Caterham, Surrey
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FREEHOLD INCOME PRODUCING MIXED INVESTMENT

Lot 88

This freehold commercial and residential investmentcomprises of a ground floor commercial unit trading as afish and chip shop with a self-contained studio flat to therear and further self-contained split level maisonetteabove. The property is arranged over four floors andbenefits from a large rear garden with potential fordevelopment subject to obtaining any planning consentthat may be required. The commercial unit combined withthe studio flat to the rear is let on a 20 year full repairingand insuring lease from April 2005 at rent of 16,500 pawith rent reviews at 5 yearly periods. The split levelmaisonette is let on an Assured Shorthold Tenancy from22nd November 2010 for an initial 6 month period with thetenants currently holding over on the same terms at 847pcm (10,164 pa). The property is sold with the benefit ofthis investment income.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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