Freehold three floor extended mixed use building
Address
818, London Road, THORNTON HEATH, Surrey, CR7 7PA, England
Auction date
29 Jul 2025
Guide price
£675,000
Type
Commercial
Tenure
Freehold
EPC Rating
B
Auctioneer
Barnard Marcus Auctions
Description
This property is a freehold three-floor extended mixed-use building, featuring a ground floor shop and three self-contained flats. It is situated on a busy parade along the main London Road, providing significant exposure to vehicular and pedestrian traffic.
The property has an investment value, with a reserved rent of £48,000 per annum, and an optional rental income from the commercial unit that could yield an extra £18,000 annually.
The ground floor retail unit is vacant but can be leased for £1,500 monthly. The accommodations in the flats include various setups: a one-bedroom flat, a three-bedroom flat, and another three-bedroom flat, each with tenants, contributing to overall rental income.
Last update: 17 Jul 2025
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