Get brand editions for John Pye Property, Nottingham

24 bedroom commercial property for sale

Reddown Road, Coulsdon

Sold STC £3,750,000

Property Description

Key features

  • 12 x Two Bedrooms Apartments
  • New Build Development
  • On Site Parking for All Apartments
  • Modern Fitted Kitchens & Bathrooms
  • Apartments Sizes ? 634ft2 to 736ft2
  • Total Size ? 8,153ft2
  • Minor Works Required To Complete Development
  • 30 Minute Commute To London Bridge & London Victoria
  • 100m From South Coulsdon Rail Station
  • Freehold

Full description

•12 x Two Bedrooms Apartments
•Total Size – 8,153ft2 (757m2)
•Apartments Sizes – 634ft2 to 736ft2
•Asking Price: £3,750,000
•Freehold

An opportunity to acquire a New Build block of twelve two bedroom apartments in South Coulsdon. The apartments are situated over three floors with each property having its own private access from the communal garden space to the front of the building. The apartments are spacious and inviting with high quality laminate wood flooring in the lounge/diners and modern fitted kitchens and bathrooms.

There are 12 parking spaces at the rear of the block for residents uses. South Coulsdon Rail Station is only 100m from the property and offers a travel time of thirty minutes to London Bridge and Victoria giving residents of the development an easy commute into central London.

The property requires some finishing work to be completed, particularly to the communal areas. Purchasers to make their own investigations to understand scope of works required.

Accommodation - Flat 1 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 63.6m2/685ft2

Flat 2 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 64.9m2/699ft2

Flat 3 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 64.9m2/699ft2

Flat 4 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 66.8m2/719ft2

Flat 5 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 58.9m2/634ft2

Accommodation Cont - Flat 6 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 60.3m2/649ft2

Flat 7 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 60.3m2/649ft2

Flat 8 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 58.9m2/634ft2

Flat 9 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 61.1m2/658ft2

Flat 10 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 68.4m2/736ft2

Flat 11 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 68.4m2/736ft2

Flat 12 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 60.9m2/656ft2

Services - We understand the property to have mains gas, electricity, water and drainage. Interested parties should make their own enquiries.

Planning - The property is within the planning jurisdiction of Croydon council. Purchasers should make their own enquiries in respect of planning permission.

Investment Analysis - Following completion of the development we envisage each apartment will achieve a monthly rental income between £1,100 - £1,200 per month, equating to approximately £160,000 per annum.

If each apartment is sold individually following completion of works we anticipate the apartments will achieve in the region of £340,000 - £360,000 providing a gross development value of £4.1m - £4.2m.

Tenure - Freehold

Asking Price - £3,750,000

Joint Administrators Note - Michael Pallott and Adam Harris are authorised to act as insolvency practitioners in the UK by the Institute of Chartered Accountants in England and Wales and are bound by the Insolvency Code of Ethics. The affairs, business and property of the Company are being managed by the Joint Administrators. The Joint Administrators act as agents of the Company and without personal liability’


More information from this agent

Nearest stations

  • Coulsdon South (0.1 mi)
  • Coulsdon Town (0.6 mi)
  • Woodmansterne (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Coulsdon South (0.1 mi)
  • Coulsdon Town (0.6 mi)
  • Woodmansterne (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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