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5 bedroom detached house for sale
Croydon Road, Beckenham, Kent
£1,900,000
Croydon Road, Beckenham, Kent
£1,900,000
Our Summary
- ** For Sale By Online Auction ** Pre-Auction Offers Considered **Unbroken freehold for sale consisting of a commercial unit and five residential units above with two of the units recently extended and further potential
- 00 (tenancy agreements awaiting)Modern Terms & Conditions -This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
Description
This unbroken freehold property consists of a commercial unit and five residential units above, with two of the residential units recently extended and offering potential for further development. The property is fully let, with all residential units on ASTs and the commercial unit on a long-term lease. The commercial unit is currently let to a restaurant on a 25-year lease, generating £52,000 per annum, while the residential units are let to tenants on ASTs, generating a total of £147,200 per annum. The property offers an amazing rental yield and has been well-maintained, with modern fixtures and fittings throughout. The property is being sold via online auction, with the winning bidder required to pay a non-refundable reservation fee of 3.6% of the winning bid, in addition to the purchase price.