Summary - 103-105, CALLEY DOWN CRESCENT CR0 0EQ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Mixed-use freehold investment property: retail and residential
- Ground floor retail space let to Morrisons Daily with a 10-year lease
- Total area: 3,809 sq ft, including 1 bedroom, 1 bathroom residential space
- Enclosed rear yard with double gates, providing service access
- Chain-free sale, offering flexibility for future renovations or developments
- Price: £350,000 (below market average for prime mixed-use locations)
**Summary Description:**
This exceptional freehold investment opportunity merges residential comfort with bustling commercial appeal, located in a vibrant urban cultural mix area of Croydon (CR0 0EQ). The ground floor features a prominent double-fronted retail unit currently leased to Morrisons Daily for a secure income of £19,000 per annum, translating into strong rental revenue potential for savvy investors. Above, a residential unit offers one bedroom and one bathroom, perfect for first-time buyers or young professionals looking to live in a conveniently located community.
While the property boasts excellent mobile coverage and fast broadband speeds, prospective buyers should be aware of the above-average crime rates in the area and the level of deprivation. However, the property’s nominal ground rent and peppercorn lease terms for the residential units suggest limited ongoing costs. The enclosed rear yard can be utilized for additional service access or parking, enhancing the property's functionality.
Given its unique combination of retail and residential space, ample square footage, and an attractive price point of £350,000, this property presents a rare investment opportunity that won’t last long in the market. With local amenities, including highly-rated primary schools and easy access to public transport, this property perfectly suits commuters and young families alike. Don’t miss your chance to capitalize on this versatile asset!
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