Summary - 295, HIGH STREET CR0 1QL
1 bed 1 bath Shop
**Standout Features:**
- Prime retail location on High Street, Croydon
- Gross yield of 10% at asking price
- Approximately 394 sq ft of usable space
- Ground floor lock-up shop with good visibility and access
- Long leasehold (91 years remaining) with low ground rent of £25
- Nearby public transport with easy access to South Croydon and East Croydon stations
**Summary:**
Discover a hidden gem in this well-located ground floor shop on the bustling High Street of Croydon, perfect for investors seeking consistent rental income. Currently occupied by A&A Alteration Tailors, this mid-terrace retail space boasts a prominent aluminum shop front that attracts both vehicular and pedestrian traffic, ensuring excellent visibility for any retail venture. With a passing rent of £13,000 per annum and an attractive asking price of £130,000, this property delivers a compelling 10% gross yield.
Measuring approximately 394 sq ft, the shop features a standard ceiling height and a flexible layout suiting various retail applications. While some dated aspects and a need for minor maintenance enhancements are evident, this provides an excellent opportunity for a savvy buyer to add value through renovations. There are reputable schools in the vicinity, enhancing the neighborhood's appeal for families and contributing to steady local foot traffic. This commercial property benefits from a vibrant atmosphere with a plethora of amenities nearby, from eateries to retail options. Don’t miss the chance to secure your stake in this dynamic area—properties like this don’t stay on the market for long!
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