This property has been taken off the market.
2 Bed End Terrace House For Sale Cheam Road, Sutton, SM1
£425,000- End Terrace
1 of 2
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Last Updated: 22nd May 2024
Description
Description\r
\r
* 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
\r
Tenancy\r
\r
* 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
\r
Location\r
\r
* 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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\t\r
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Additional Notes\r
\r
* VAT elected (TOGC will apply)\r
\r
Price: OIEO £425,000 (7.6% Gross)
\r
* 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
\r
Tenancy\r
\r
* 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
\r
Location\r
\r
* 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
\r
\t\r
\r
Additional Notes\r
\r
* VAT elected (TOGC will apply)\r
\r
Price: OIEO £425,000 (7.6% Gross)
Agent Details
Prideview Group
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.