South End, Croydon

£850,000
  • Ref: 1000_CS0039
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Property Summary

Mixed Use Freehold Investment FOR SALE In total, the combined rental income from the commercial unit, residential flats, and garage/coach house amounts to £54,800.00 per annum.

Full Details

Investment Opportunity: Mid-Terraced Commercial Unit with Residential Accommodation

We are pleased to present to you an investment opportunity that we believe may be of interest to you. While there is no RICS valuation available, the estimated valuation of the Freehold property two years ago was £1.2 million, and the current asking price is £850,000.

The property comprises a double-fronted Mid-Terraced commercial unit with parking, currently on a 5-year lease, renewed in October 2023 for another 5 years. This lease generates approximately £26,000+ per annum.

Additionally, the upper parts of the property feature residential accommodation. There is a 2-bedroom flat producing £13,200.00 per annum, with a recently renewed 12-month Assured Shorthold Tenancy (AST). Furthermore, a 1-bedroom flat yields £9,600.00 per annum, also recently renewed on a 12-month AST with the potential for extension subject to planning permissions (STP).

The Freehold also includes a garage/coach house, currently leased on a short-term basis with potential for further planning development (STP). This element of the property generates £6,000.00 per annum and has been recently renewed.

In total, the combined rental income from the commercial unit, residential flats, and garage/coach house amounts to £54,800.00 per annum.

This investment opportunity offers both immediate rental income and potential for further development, making it an attractive proposition for investors seeking to expand their portfolio.

Should you require any further information or wish to arrange a viewing, please do not hesitate to contact me.