*Guide | £1,150,000 (plus fees)
- Commercial Property
Call the team on 01273 201989 for more information
Freehold Commercial Investment Property with Driveway and Large Rear Garden Producing Approximately £74,750 per annum exclusive
A unique opportunity to purchase this two-storey detached commercial investment property with future development potential, subject to gaining any necessary planning consent. The property is configured into various rooms comprising classrooms, managers office, w/c facilities, kitchen and conservatory. The property also benefits from a large rear garden and sizeable front driveway.
The Auctioneers have not been able to inspect the property, therefore, are unable to confirm the condition or layout of Russell Hill Road, Purley.
Lot Type
Commercial Investment
Accommodation
Ground Floor 164.76 sqm / 1,773 sq ft First Floor 98.47 sqm / 1,060 sq ft Total Approximate Floor Area – 263.23 sqm / 2,833 sq ft
Tenancy
Let to a private individual on a full repairing and insuring lease for a term of 15 years from and including 1 November 2024. The current passing rent is £74,750 per annum exclusive. Rent reviews are dated 1 November 2027 and every third anniversary of that date.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
