916-918 Brighton Rd
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916-918 Brighton Rd
1,607 SF 100% Leased Retail Building Purley CR8 2LN £875,000 (£544/SF)
Investment Highlights
- Located in centre of Purley Town
- Window display frontage
- High footfall
Executive Summary
The property is available to purchase freehold subject to the existing Tenancy Agreements. £875,000 plus VAT (if applicable), Subject to Contract.
Ground Floor Let to Nationwide Building Society on an effective FRI Lease dated 30th November 2022 for a period of six years from 25th March 2022 at a current rent of £19,870 per annum exclusive, with Tenant break clauses on 25th March 2024 and 25th March 2026.
The upper parts are being let out under an HMO comprising of 1x bedsit and 1 x 1 bedroom unit sharing a toilet and bathroom. The second floor is the same layout. The third floor comprises a large 3 x bedroom flat which is self contained comprising 2 double bedrooms, living room, fitted kitchen, bathroom and electric heating.
Ground Floor Let to Nationwide Building Society on an effective FRI Lease dated 30th November 2022 for a period of six years from 25th March 2022 at a current rent of £19,870 per annum exclusive, with Tenant break clauses on 25th March 2024 and 25th March 2026.
The upper parts are being let out under an HMO comprising of 1x bedsit and 1 x 1 bedroom unit sharing a toilet and bathroom. The second floor is the same layout. The third floor comprises a large 3 x bedroom flat which is self contained comprising 2 double bedrooms, living room, fitted kitchen, bathroom and electric heating.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,607 SF
Building Class
C
Year Built
1930
Price
£875,000
Price Per SF
£544
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
0.67
Lot Size
0.05 AC
Frontage
19 ft on Brighton Road
Amenities
- 24 Hour Access
1 of 1
Nearby Major Retailers
1 of 2
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916-918 Brighton Rd
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