South End, Croydon
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
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.
Tenure: Freehold
Brochures
BrochureEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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South End, Croydon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Croydon Station0.2 miles
- George Street Tram Stop0.7 miles
- Church Street Tram Stop0.7 miles
About the agent
Milestone Group, Eastbourne
39-41 Seaside, Eastbourne, BN22 7NB
Welcome to Milestone Group - Your Gateway to Specialist Investment and Engineering Services
At Milestone Group, we pride ourselves on being industry leaders in providing specialist investment and engineering services. With a team of national specialists and a network of high-end national and international buyers, we are your trusted partner in achieving exceptional results for your investment and engineering needs.
Milestone Group work with over 10,
Industry affiliations
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Visit our security centre to find out moreDisclaimer - Property reference RS0738. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Milestone Group, Eastbourne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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