Summary - Coopers Newsagents,159 Three Bridges Road,CRAWLEY,RH10 1JT RH10 1JT
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- Rare freehold interest opportunity
- Semi-detached 2-storey mixed-use building
- Ground floor retail unit with storage and WC
- Self-contained 2-bedroom flat above
- 6 allocated parking spaces in tandem
- Existing 10-year lease with stable rental income of £16,250 per annum
- Strong public transport options nearby
**Notable Concerns:**
- 8 years remaining on the lease may limit mortgage options
- High local crime rates
- The current tenant is a private individual
- Some areas may require updating
Positioned prominently along Three Bridges Road, this semi-detached mixed-use building offers a valuable investment opportunity. The ground floor features a spacious retail unit, complete with a dedicated sales area, storage space, and essential facilities, while the charming two-bedroom flat above provides comfortable living quarters. With six tandem parking spots available, this property caters to business and residential needs seamlessly.
Currently occupied under a strong lease until December 2031 at £16,250 annually, this opportunity boasts reliable rental income with potential for reversionary developments. However, potential buyers should note the limited mortgage leverages available due to the reduced lease term. The surrounding area offers a vibrant mix of amenities, with easy access to schools, health facilities, and transport links, making it an appealing location for families and businesses alike.
Investors should act quickly; opportunities to own freehold retail properties with this potential are rare. Whether you're looking for rental income or a property with future renovation potential, this listing is worthy of your consideration.
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