Offers over
£185,000
Property for sale2 Selhurst Road, London, Greater London SE25
EPC Rating: D
About this property
Freehold Commercial Unit (Use Class E)
Corner Positioned Unit with Plenty of Frontage
Ground Floor sized at c.775sqft (c.72sqm basement included)
Currently let at £10kpa with 3 months' notice (outside of the act)
Erv is c.£15k/£16kpa (c.8-8.5% gross yield)
Offers in Excess of £185,000
A unique opportunity to acquire this commercial unit in a well-known South London area, South Norwood, which is housed within the ground floor of this period 2-storey building. Internally the unit sits c.72sqm/775sqft of floor space, which is currently occupied by a hair/nail salon, who are holding over on a lease (outside of the act) with only a 3-months' notice required. The commercial tenant is currently paying £10kpa, with the erv expected to be c.£15k/£16kpa (c.8-8.5% gross yield).
Mortgage calculator
Monthly repayment
£925 per month
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