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Mitcham Road, Croydon
Price On Application

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Ideal Investment
Freehold of Building
Two Ground Floor Commercial Units Let On Long Term Lease
Approximately 8.2% Return

INVESTORS ONLY - BUSINESS UNAFFECTED - WOULD SUIT CASH BUYER INVESTORS LOOKING FOR A RETURN

Frost Estate Agents are delighted to offer this freehold building which would make an ideal investment providing an annual return of approximately 8.2%.

Stamp duty is just £2,000 on this purchase price. / Leases Available on request

Briefly Comprising

226 Mitcham Road (Right Hand Unit) CRO 3JJ
Lease 20 years from 25.03.17
Rent £12,000 per year
Rent review every 4 years Next Rent Review 25.03.21

226B Mitcham Road (Left Hand Unit) CR0 3JJ
Lease 20 years from 25.12.10
Rent £8,400
Rent review every 4 years Next Rent Review 25.12.22

Flat above (2 Bed)
226B Mitcham Road CRO 3JJ
Lease 189 years from 25.09.1977
Ground rent £100 double every 33 years (Approx 2050 for next rise)