Development

Development Opportunity

Croydon, Greater London

£5,000,000Fixed price

  • Five Freehold buildings comprising 20 flats (10 x one bed, 10 x two bed)
  • Rear site with planning permission for 4 x three bed houses
  • Excellent location in densely populated London Borough
  • Majority let subject to Assured Shorthold Tenancies
  • Total Current Rent: £227,280 per annum
  • Gross Yield of 6.24% (based upon ERV) on the flats
  • Planning Permission for 4 x three bed houses

Offers in excess of £5,000,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract

1 Bed Flats
x 10
2 Bed Flats
x 10
Planning Permission
x 4 (3 bed houses)

Marketed by

Allsop

Call
020 7344 2623

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