2 & 2a, Park Parade, South Rd | Property for sale | Savills
Guide price £325,000(161,062 OMR)

2 & 2aPark Parade, South Rd

  • New
  • Sole agency
  • Freehold
Investment
Yield 8%Yield

Key features

  • Investment let at £27,400 p.a. (8.43% GIY on guide price)
  • Comprising of commercial unit at ground floor and a 2 bedroom duplex flat
  • Commercial unit let on a new 5 year FR&I lease at £16,000 p.a.
  • Duplex flat let on an new AST at £11,400 p.a.
  • Ground floor tenant has been in occupation for 40 years +
  • Virtual tours available in description
  • Haywards Heath Station is located an approx. 0.5 miles from the property
  • 6 week completion
  • VAT free investment

A freehold mixed use property compromising of a commercial unit at ground floor and a 2 bedroom duplex flat spread across the first and second floor.

About this property

  • A mixed use commercial property located on a busy and established shopping parade compromising of a commercial unit at ground floor and a 2 bedroom duplex flat above situated over 1st & 2nd floor. Both the commercial unit and residential unit have rear access. Nearby occupiers include a wide range of established independent and local retailers

Local information

  • The property is located on the north-west side of South Rd. Close to junction connecting South Rd to Muster Green South. Muster Green S bus stop is located an approx. 0.1 miles from the property. The Broadway bus stop is located an approx. 350ft. from the property. The station is also an approx. 0.5 miles from the property with direct links to London in 45 minutes.
  • Transport
  • Muster Green S Bus stop - 271 bus
  • The Broadway Bus stop - 30 and 31 bus