Property Information
Address:
136 New Cross Road, New Cross
, SE14 5BA
Price: Property no longer available.
Size: 1419 sq ft132 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH621292
Property Ref/Agent: 26700
*Please use the agent ref when calling the agent directly.
Property description
The subject property comprises an unbroken freehold located on New Cross Road (A2). The building is arranged as a commercial unit on the ground floor, with a self-contained, split-level 2 bedroom apartment over the first and second floors above.
The commercial accomodation benefits from A3 (restaurant and café) and A5 (hot food takeaway) use classification and measures circa. 870 sqft. This unit is not subject to business rates, and is under lease for a ten year term at a rent of £16,000 per annum. There is a £4,000 deposit from the tenant held on account.
The apartment above is accessed from the front of the property (via New Cross Road) and measures circa 550 sqft, arranged as two separate bedrooms, an open plan kitchen/living area, and a bathroom. This unit is in good condition throughout, and currently let on an Assured Shorthold Tenancy (AST) for £1,066 PCM. This element of the property is considerably under-let, given comparable apartments are achieving in the region of £1,350 PCM.
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