83-84 High Street, South Norwood, SE25 6EA
- PROPERTY TYPE
Mixed Use
- SIZE
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Description
Guide Price 875,000+
The property will be sold by public auction on 10th December at 12:04am
Legal Documents
For a complete view of the legal documents, please download the legal pack from our website.
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Description
Freehold
A Freehold Mixed-Use Investment Comprising Two Commercial Units and Three Residential Flats Let to Optivo Housing Association, Producing a Combined Rental Income of £63,000 Per Annum.
The property comprises a freehold mixed-use building arranged over ground and two upper floors, comprising two ground floor commercial units and three residential flats above. The residential accommodation consists of one three-bedroom flat and two two-bedroom flats, extending to approximately 182 sq m (1,959 sq ft). The commercial units produce £25,000 per annum, while the three residential flats are let to Optivo Housing Association until April 2027, producing £38,000 per annum. Total rental income is £63,000 per annum. The property has an Estimated Rental Value (ERV) of £65,000£70,000 per annum following expiry of the existing residential letting.
Accommodation
Ground Floor
Two Commercial Units
Upper Floors
Three Bedroom Flat Approximately 88 sq m (947 sq ft)
Two Bedroom Flat Approximately 49 sq m (527 sq ft)
Two Bedroom Flat Approximately 45 sq m (484 sq ft)
Total Residential Floor Area
Approximately 182 sq m (1,959 sq ft), excluding the two commercial units.
Location
The property is situated on South Norwood High Street, within the London Borough of Croydon. The High Street and nearby Portland Road provide a mixture of independent shops, cafs, restaurants, convenience retailers and everyday services. Local recreational facilities include South Norwood Lake and Grounds, South Norwood Recreation Ground and South Norwood Country Park.
Transport links are provided by Norwood Junction station, with National Rail and London Overground services, together with bus routes serving Croydon and the surrounding South London districts.
Viewing Times
Brochures
Legal DocumentsOnline Bidding83-84 High Street, South Norwood, SE25 6EA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwood Junction Station0.1 miles
- Harrington Rd Tram Stop0.7 miles
- Selhurst Station0.7 miles
Notes
Disclaimer - Property reference 377004. 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 Swift Property Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Swift Property Auctions, London on 020 7123 9417.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”