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Property description & features
- Tenure: Freehold
- Freehold, mixed-use property for sale on popular parade
- E-class unit let until 2037
- 4 room HMO in upper parts
- Vacant light industrial unit to rear
- ERV £142,880
- OIRO £2M f/h
Ground Floor Commercial Unit
Measuring 1,334 sqft internally, the ground floor commercial unit fronts directly onto the busy Crofton Road parade. The unit is currently leased to Ebony & Ivory Interiors (); a boutique furnishings retailer. The class E unit is leased until 2037 and has a current rent of £30,000 pa with a stepped increase to £35,000 pa in 2024 and then a further increase to £40,000 pa in 2026.
First Floor HMO
Measuring 560 sqft internally, the first floor is self-contained and accessed from the rear of the building. Configured and licensed as a 4 bedroom/4 person HMO that has been well maintained and furnished to a good standard, the HMO is currently producing £24,408 with one room vacant..
Self-Contained Light Industrial / Warehouse Building
Located to the rear of 348 Crofton Road, the unit is largely openplan and measures approx 2,200 sqft internally. Currently vacant and offered as a tidy shell, for certain businesses immediate occupation is a real prospect. Features include 3m high side sliding steel shutters, parking for 5 vehicles, 3 phase power supply, a full intruder alarm system, WC, kitchen, and a small office.
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