Property for sale
Property description & features
- Exclusive To Frost Estate Agents
- INVESTMENT PURCHASE
- Two Flats & Shop - Currently Let at £47,232 per annum
- All with EPC rating C
- Ideal Long Term Investment
- 7.8% Return
Freehold Investment Sale - Fully let at £47,232 P/A - Representing an 7.8% Return. Potential to increase rents in the near future.
(Photos included are of the basement flat).
Ground Floor - Commercial shop let to the existing tenant for 15 years - Current rent £12,000 P/A - Next rent review Sept 2024 - EPC rating C.
First & Second Floor - Pavement access split level three bedroom maisonette with own front door, bathroom, separate WC, kitchen diner and reception room - average condition - Currently let at £1,511 PCM - EPC rating C - Council tax band B.
Lower Ground Basement Flat - Rear access via own door - Refurbished one bedroom with separate kitchen, bathroom and reception room - Currently let at £1,425 PCM - EPC rating C - Council tax band A.
Hardstanding parking for 2 - 4 cars to the rear.
Transportation: From Kenley Station which is just a short 3 minute walk you can take your pick from Victoria or London Bridge as destinations – all around 35 minutes’ travel time. Road links are excellent too, with the A23 a matter of minutes away, providing fast, easy access to London, the South Coast and the M25.
Tenure: Freehold
Places of interest
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Property reference 12377380. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Frost Estate Agents - Purley.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on October 5, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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