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01903 770095Property Description
Property Description
A rare opportunity to acquire a commercial freehold investment in this prominent High Street position, in the historic village-like centre of Carshalton.
The property extends to in excess of 2,600 sq. ft and is currently fully let to a single tenant providing a gross rental income of £48,000, at present providing a yield of 6.85%, with rent revision due. The current lease is for 15 years from January 2021 running until 2036.
The present occupier runs a successful tearoom on the ground floor with a licenced function room on the first floor. On the second floor is an independent 1 bedroom apartment with its own entrance from Rotherfield Road. This apartment is included in the current tenancy.
Carshalton High Street is a charming South London thoroughfare, located in a conservation area, characterised by a village-like atmosphere with picturesque ponds and Victorian architecture. No.108 is located in a prominent and central position within the hub of the town. The property is surrounded by well-established independent and national retailers, along with a variety of coffee shops and eateries.
The town of Carshalton is situated in the London Borough of Sutton, approximately 9.5 miles southwest of Charing Cross and 1.2 miles east of Sutton town centre.
Location
Floorplan
Property Floorplan
