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Prominent Main Road Location
Large Investment Property
Three Bedroom Accommodation
Business Within Ground Floor
Well Presented Throughout
Sought After Area
Parking To Front
Multiple Rental Income
Bustling Residential Area
Private Garden To Rear
EPC - TBC
REF 7352 – Freehold Investment Property
Blacks Brokers are pleased to bring to the market this freehold investment property located in Sutton, Greater London.
224 Malden Road is a spacious, semi detached property which is currently home to a busy hair salon with the owner residing in the first floor flat. The salon was established over fifty years ago. A new investor may look to rent the floors together or individually.
The property occupies a main road trading position within a parade of residential properties, there are some local businesses close by including a convenience store and cafe. There are also a number of schools nearby in addition to Cheam Park and West Sutton Train Station. The area is well linked by the M25 with very strong public transport links and parking is available immediately outside.
REASON FOR SALE
The current property owner is looking to retire from the salon and relocate therefore has decided to offer the property and potentially the business for sale. Depending on a new owners plans, the property may be let entirely or part occupied. This presents a number of opportunities depending on future plans.
A new owner could look to generate a potential income of £40,800 per annum giving a strong rental yield. The income could be split with £1,600 per calendar month for the salon and £1,800 per calendar month for the accommodation.
This well maintained, spacious property is located in highly sought after area of London close to a range of local amenities, schools and residential properties. Early viewings are strongly advised.
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