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Just added
Auction
From
£250,000
Property for sale
Crays Parade, Main Road, St. Pauls Cray, Orpington BR5Local area information
Property location
Nearby amenities
- Riverside School (SEN) 0.2 miles
- St Paul's Cray Church of England Primary School 0.4 miles
- St Mary Cray 0.7 miles
- Petts Wood 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Investment let at £12,000
- P.a.
- Lock up shop trading as a Barbers let at £12,000 p.a.
- 3 x Studios currently vacant
- Future development potential to add additional building to the rear of the property (subject to the requisite consents)
- 6 week completion
- VAT free investment
Strapline
Auction Sale - 28/05/2025
Of interest to Investors
A freehold mid terrace property forming part of an established local shopping parade and comprising of a lock up shop let and producing £12,000 p.a. And 3 x self contained studio flats at ground floor which are currently vacant and a 3 bedroom flat at first floor (sold off on long lease)
Investment let at £12,000 p.a. With instant asset management potential to let out the Studios for further income.
Description
The property comprises of a mid terrace commercial property comprising of a lock up shop and 3 x self contained studio flats at ground floor level and self contained flat at first floor (sold off on long lease).
There is a large rear garden to the property which might offer future development potential add additional space (subject to the requisite consents).
We believe there is access to the rear of the property via side lane way however any incoming purchaser must do their own due diligence.
We are advised that the erv for the studio flats once let is approximately £37,800 p.a. Making the total erv for the property in the region of £49,800 p.a. Once fully let. Purchasers should make their own enquires in this regard.
Location
The property is located on the east side of Main Road and close to the junction with Chalk Pit Avenue.
St Mary Cray Station an approx. 0.9 miles from the property
Transport
St Mary Cray Station national rail services
Accommodation
Please refer to Accommodation and Tenancy schedule
Auction Sale - 28/05/2025
Of interest to Investors
A freehold mid terrace property forming part of an established local shopping parade and comprising of a lock up shop let and producing £12,000 p.a. And 3 x self contained studio flats at ground floor which are currently vacant and a 3 bedroom flat at first floor (sold off on long lease)
Investment let at £12,000 p.a. With instant asset management potential to let out the Studios for further income.
Description
The property comprises of a mid terrace commercial property comprising of a lock up shop and 3 x self contained studio flats at ground floor level and self contained flat at first floor (sold off on long lease).
There is a large rear garden to the property which might offer future development potential add additional space (subject to the requisite consents).
We believe there is access to the rear of the property via side lane way however any incoming purchaser must do their own due diligence.
We are advised that the erv for the studio flats once let is approximately £37,800 p.a. Making the total erv for the property in the region of £49,800 p.a. Once fully let. Purchasers should make their own enquires in this regard.
Location
The property is located on the east side of Main Road and close to the junction with Chalk Pit Avenue.
St Mary Cray Station an approx. 0.9 miles from the property
Transport
St Mary Cray Station national rail services
Accommodation
Please refer to Accommodation and Tenancy schedule
More information
Listed by
Savills - National Auctions
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