Virtual freehold investment of 999 years commencing 09 September 1998 with fixed ground rent of £100 per annum.
The property is arranged on the ground floor to provide a fast-food takeaway with a 2 bedroom self-contained flat on the 1st floor accessed at ground level to the rear of the property.
The property is let in its entirety for a term of 20 years commencing 17 June 2022 at a current rent of £20,000 per annum. The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants.
Croydon is a large town in South London and part of the London Borough of Croydon. It is served well by transport links at East, South and West Croydon stations and by numerous bus and tram routes.
• Entirely let on a lease expiring 2042 with no breaks
• Currently producing £20,000 per annum with 5 yearly rent reviews.
• Rent review 2027
• VAT is not applicable
• Sale Price £455,000
Misdescriptions Act 1993
Whilst every effort has been made to ensure the accuracy of these particulars, they are in no way guaranteed and do not and will not constitute any part of a contract or any other form of agreement. No liability shall attach to Cosar Property & Finance Services in relation to anything stated or omitted from these particulars. All prospective purchasers are invited to and expected to inspect the property to check the accuracy of these particulars and or seek appropriate advice from their surveyor and/or solicitor.
