Property for sale in Cheam Common Road Worcester Park KT4

Sale Price: £500,000

Cheam Common Road Worcester Park, KT4 8QW

Property
-- Bed(s)
-- Bath(s)
Available

 83 High Street Kingston Upon Thames
*When you call don't forget to mention Overstreet.co.uk

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Street Address

Cheam Common Road Worcester Park, KT4 8QW

Property description

Mixed use investment opportunity comprising a ground floor retail premises and two bedroom maisonette above separately accessed from the side of the property. The ground floor retail premises in a recently refurbished condition that is let on a 10 year lease from 11th March 2015 at a passing rent of £14,000 per annum. A three month rent deposit (£3,500) held as security and there is a tenant break option at expiration of the fifth anniversary of the term. There is a well-proportioned maisonette arranged over ground, first and second floors levels and is of a good internal condition throughout to include gas central heating and double glazing. It is arranged as open plan kitchen/living, with separate bathroom/Wc and bedroom at first floor with a further large double bedroom and bathroom at second floor level. The maisonette is currently let on an AST agreement at £1150 pcm (£13,800 per annum). The combined rental income for the property is therefore currently £27,800 per annum and the maisonette may be considered under-rented. The property is for sale Freehold with the benefit of the existing tenancies and the ground floor shop investment may also be available independently at a price of £200,000.

Property Features :

  • SHOP AND RESIDENTIAL UPPER PARTS
  • FREEHOLD INVESTMENT OPPORTUNITY
  • FULLY LET
  • CURRENTLY PRODUCING £27,800 PER ANNUM
  • MAIN ROAD LOCATION
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