140a Brighton Road

Purley, CR8 4HA

1,500 sq ft
For Sale
Investment Property

Back to properties

Long-income investment for sale. Freehold

Property Type Investment Property
Tenure For Sale
Size 1,500 sq ft
Price Offers in excess of £950,000.00
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Key Features

  • Let to Funeral Services Limited t/a Co-op Funeralcare
  • Guarantor – Co-operative Group Limited
  • Annual Rent £60,000 p.a.
  • New 10 yr Lease (no break)
  • Rent Review 5th yr to CPI (cap & collar 3%/1%)
  • An Attractive Net Initial Yield of 6% (allowing for costs)
  • Projected rental growth to £69,556.44 at review (assuming 3% annual growth in CPI)


The property comprises a single-storey detached building extending to approx. 1,500 sq ft (GIA) with rendered elevations and part mansard / part flat-roof sections. Over the rear section of the property is an impressive roof lantern. Until recently, the subject property adjoined the neighbouring residential house but works were undertaken to separate the properties into two self-contained, detached buildings. Internally, the property comprises a number of consultation rooms, WC facilities and a larger open-plan area used as a Chapel of Rest. Externally, at the front of the building is a newly laid tarmac parking area for 3 or 4 vehicles accessed via a newly installed, electronic sliding gate. The perimeter of the parking area comprises a mix of brick wall and close-board fencing, the majority of which has also been newly installed. In front of the gated entrance is a small area of shared access over which the subject property has reserved a necessary right of way.


The property is located in South London directly between Coulsdon and Purley, within the London Borough of Croydon. The building fronts Brighton Road which is the main road leading from Purley through to Coulsdon, connecting Purley Way to the M23/M25. The property is situated close to a prominent retail parade further along Brighton Road comprising a mix of national and local retailers, restaurants and other amenities. Reedham Railway Station is situated approx. 5 minutes’ walk from the property providing regular direct services to Central London (London Bridge). Various local bus services are readily available directly outside the subject property.

Further Information

Please refer to our brochure for comprehensive information relating to the opportunity.