10 High Street, Purley, Surrey

Description

Investment comprising a ground floor restaurant and self-contained first floor two bedroom flat. GIA approximately 139.6 sq m (1,502 sq ft). Well located for the amenities of Purley.

Accommodation

Ground floor restaurant and self-contained first floor two bedroom flat; GIA approximately 139.6 sq m (1,502 sq ft)

Location

Situated on the east side of the High Street, close to Purley Road and Whytecliffe Road South. The A22 and A23 are easily accessible and provide access to the M25 Motorway to the south. Southern and Thameslink rail services run from Purley station, a short walk to the east. Local shops and amenities are available within Purley. Roundshaw Downs are to the north.

Tenure / Property Information

Investment Analysis

The £325,000+ guide cannot be independently supported from the supplied evidence. The three sold comparables are historic 1996–1999 transactions and are not sufficiently current or detailed for a reliable comparison. No current commercial or residential valuation, rent, lease income, condition or refurbishment evidence is provided.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the full restaurant lease and rent schedule, inspect both parts of the building, establish the flat’s market rent and obtain current mixed-use valuation evidence before considering purchase.

Works Required

No specific works are evidenced. The vacant first-floor flat and restaurant should be inspected, with lease, condition, compliance and service installations verified before budgeting any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be assessed reliably without a supported GDV, refurbishment budget, residential rent, commercial rent and lease details. The restaurant lease expiry in 2030 and the vacant flat require specific due diligence before considering refinance.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The first-floor flat is vacant, while the ground-floor restaurant is subject to a lease expiring in 2030; passing rent and lease terms are not provided.

Flip Analysis

A flip appraisal cannot be completed because no supported GDV, refurbishment allowance, resale costs or current comparable evidence is provided. The supplied historic comparables do not establish a reliable resale value.

Investor Risks & Due Diligence

• Ground-floor restaurant lease terms, rent and covenant strength are not supplied; the lease expires in 2030.

• The first-floor two-bedroom flat is vacant and no supported rental evidence is available.

• Building condition and any required refurbishment or compliance works are unknown.

• The historic sold comparables date from 1996–1999 and are insufficient to validate the current guide price.

• Additional seller or third-party charges may apply, but no amounts are provided.

Recommendation

Do not bid on the supplied evidence alone. Obtain the full restaurant lease and rent schedule, inspect both parts of the building, establish the flat’s market rent and obtain current mixed-use valuation evidence before considering purchase.

Strategy Rating

Analysis Confidence

The guide is provided, but there is no current valuation evidence, rental evidence, lease income or terms, condition report, refurbishment budget, EPC, council tax information or buyer/admin fee schedule.