Church Road, London

£275,000

Guide price

INTERESTING and UNUSUAL FREEHOLD COMMERCIAL PREMISES for sale in the famous Crystal Palace triangle, which has an eclectic mix of shops, cafes, a thriving mix of independent and multiple retailers and service providers. There is a notable “buzz” in general in Crystal Palace. The provenance of this particular unit is unusual, in that the vendor has informed us that it has not been previously offered for sale since approximately 1982 and has only now come on to the market due to retirement. The premises has been used as offices but may have other potential uses (subject to the usual consents). The dwelling is vacant and is DECEPTIVELY SPACIOUS as there is a basement area and a compact garden to rear. The property simply must be viewed internally to be appreciated. In terms of transport, there are bus routes close by and Crystal Palace BR/Overground station serves the area. The freehold includes two flats which are above commercial premises. These have already been sold on leases being 99 years from the 24th of June 1981 therefore they have approximately 61 years unexpired. As we understand matters, the freeholder benefits from the ground rent income and also the possibility of a premium from each lessee, when they wish for their leases to be extended. They are in our opinion short leases at this time.

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