Commercial Properties For Sale in Selhurst, Croydon, Surrey
Paid partnerships can play a role in listing order
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A unique opportunity to acquire this commercial unit in a well-known South London area, South Norwood, which is housed within the ground floor of this period 2-storey building. Internally the commercial unit is c.72sqm/775sqft NIA, which is currently occupied by a hair/nail salon who are holding over on a lease (outside of the act) with only a 3-months' notice required. The commercial tenant is currently paying £10kpa, with the ERV expected to be c.£15k/£16kpa (c.8.6/9% gross yield). Vacant possession can be offered. The flat upstairs is sold off on a long lease.
- Freehold Commercial Unit (Use Class E)
- Corner Positioned Unit with Plenty of Frontage
- Ground Floor sized at c.775sqft (c.72sqm basement included)
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The subject property comprises a residential block providing 16 apartments, arranged as 6 studios, 5 one-bedroom apartments and 5 two-bedroom apartments. The property is arranged as a terrace-style block fronting Gloucester Road, with accommodation over ground, first and second/roof levels. The building is of traditional masonry construction beneath a pitched tiled roof, with dormer and rooflight accommodation at upper level. Internally, the apartments provide practical, modern accommodation with fitted kitchens, contemporary bathroom fittings, with wood and carpet flooring throughout. The property also benefits from three rear car parking spaces, dedicated bin storage and ancillary external areas, with each apartment understood to be separately serviced and individually metered.
|1/1A unique opportunity to acquire this commercial unit in a well-known South London area, South Norwood, which is housed within the ground floor of this period 2-storey building. Internally the commercial unit is c.72sqm/775sqft NIA, which is currently occupied by a hair/nail salon who are holding over on a lease (outside of the act) with only a 3-months' notice required. The commercial tenant is currently paying £10kpa, with the ERV expected to be c.£15k/£16kpa (c.8.6/9% gross yield). Vacant possession can be offered. The flat upstairs is sold off on a long lease.
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Discover a prime residential development opportunity in London, offering full planning permission for a one-bedroom, one-bathroom, one-reception lower ground floor unit. This site is ideally located close to excellent transport links, presenting a superb prospect for developers or investors.