Description\r
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* Freehold mixed-use investment\r
* Retail unit of 975 sq ft arranged over ground floor\r
* First floor flat of 484 sq ft\r
* Total Building of 1,459 sq ft\r
* Street facing access to the flat\r
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Tenancy\r
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* 10-Year FRI Lease from April 2024 (no breaks)\r
* To Choudry Mahroof Ahmed t/a Press 2 Dress Dry Cleaners\r
* A rent of £21,000 p.a. (topped up) with a review on the 5th year\r
* Flat let on a AST to a private tenant at a rent of £11,160 p.a.\r
* Total annual income of £32,160 p.a.\r
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Location\r
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* Sutton is a town in Greater London, located about 13 miles from City of London\r
* Cheam Road is one of the main thoroughfares in Sutton, It runs through the heart of the town\r
* A bustling street, lined with a mix of residential properties, shops, restaurants, and businesses.\r
* View in Google Maps\r
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Additional Notes\r
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* VAT elected (TOGC will apply)\r
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Price: OIEO £425,000 (7.6% Gross)