Commercial building in Purley

Freehold Commercial Investment Property with Driveway and Large Rear Garden - Producing Approximately £74,750 pa exclusive. A unique opportunity to purchase this two-storey detached commercial investment property, with future development potential - subject to necessary planning consents. The property is configured into various rooms comprising classrooms, managers office, w/c facilities, kitchen and conservatory. The property also benefits from a large rear garden and sizeable front driveway. Situated on the eastern side of Russell Hill Road, within the London Borough of Croydon. Purley town centre and Purley Railway Station are approximately 500 metres south, with Purley town providing various amenities including national and local retailers and restaurateurs. Accommodation comprises Ground Floor 164.76 sqm / 1,773 sq ft and First Floor 98.47 sqm / 1,060 sq ft, giving a total approximate floor area of 263.23 sqm / 2,833 sq ft. Let to a private individual on a full repairing and insuring lease for a term of 15 years from and including 1 November 2024. The current passing rent is £74,750 per annum exclusive. Rent reviews are dated 1 November 2027 and every third anniversary of that date. Rateable Value to be assessed, Council Tax Band G, EPC Rating D.