- Freehold
- Current total rent £53,000
- Potential to enhance
Full Description
LOCATION
The property is prominently located on Trafalgar Road within walking distance of Maze Hill train station with direct services to central London.
Forms part of a local parade of independent shops, restaurants and professional services serving the wider surrounding residential area.
DESCRIPTION
Comprises an end of terrace property with a retail unit over the ground and basement floors plus a four-bedroom residential flat over the first floor and rear ground floor with residential reception room/kitchen leading onto a courtyard garden through which the residential premises is accessed. The premises also comes with a significant amount of basement storage space that could be refurbished to provide further accommodation.
The shop is a nail and beauty salon. The residential flat above is currently let on a per room flexible basis.
There is refurbishment potential (STP) throughout the residential premises with the basement storage space potentially being converted into a self-contained one-bedroom flat.
Also the rear outside space (308 sq ft/28.61 sqm) currently has a small garden office/studio but has potential for off street parking with a dropped curb already in place.
FLOOR AREAS
Approximate floor areas for the retail unit are; Ground Floor 331 sq ft (30.75 sqm) and Basement 238 sq ft (22.11 sqm)
The residential premises comprises reception room at rear ground floor level of 236 sq ft (21.92 sqm) and four bedrooms on the first floor totalling 740 sq ft (68.74 sqm).
TENANCY
The ground floor and basement are let to Liberty Nails by way of a lease for 6 years commencing 9th January 2023 generating £21,000 pa with an upward only rent review after three years.
The residential is let by way of flexible rooms leases currently producing a total of £32,000 pa.
PROPOSAL
115 Trafalgar Road is offered for sale freehold, subject to the existing tenancies.
Offers are sought in the region of £775,000.
Viewing
Please contact us on 020 7234 9639 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Field and Sons Commercial endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.