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95-105 Calley Down Cres 2,315 SF Retail Condo Unit Offered at $466,865 in New Addington CR0 0EQ
INVESTMENT HIGHLIGHTS
- Small retail parade
- Customer roadside parking
- With large suburban area
EXECUTIVE SUMMARY
The premises are located in a tertiary position as the anchor to a local parade within a residential housing estate in the suburb of New Addington near Croydon.
PROPERTY FACTS Sale Pending
| Total Building Size | 4,000 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,000 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1907 |
| Building Class | B | Lot Size | 0.11 AC |
| Total Building Size | 4,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,000 SF |
| Year Built | 1907 |
| Lot Size | 0.11 AC |
AMENITIES
- Signage
1 UNIT AVAILABLE
Unit 103-105
| Unit Size | 2,315 SF | Sale Type | Investment |
| Price | $466,865 | Tenure | Freehold |
| Price Per SF | $201.67 | Cap Rate | 5.43% |
| Condo Use | Retail | NOI | $25,344.10 |
| Unit Size | 2,315 SF |
| Price | $466,865 |
| Price Per SF | $201.67 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 5.43% |
| NOI | $25,344.10 |
DESCRIPTION
Two-storey mixed use property with ground floor retail space and two residential flats above.
SALE NOTES
Freehold investment premises comprising of double fronted retail premises to ground floor, currently let to Alliance Property Holdings Ltd(trading as Morrisons) for a new 10 year lease at a rent of £19,000 per annum. The flats are let on 999 year leases from 23/11/2006 at one peppercorn per annum. Each is required to contribute 20% to the building upkeep and insurance costs.
NEARBY MAJOR RETAILERS
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95-105 Calley Down Cres
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