£525,000
Property for sale
Property photos
Freehold
Guide price
£525,000
Property for sale
129 Addington Road, South Croydon, Surrey CR2Local area information
Property location
Nearby amenities
- Croydon High School 0.2 miles
- Selsdon Primary and Nursery School 0.3 miles
- Sanderstead 1.4 miles
- Purley Oaks 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold mixed-use building for sale
- 2 flats & 2 commercial units
- Under-let producing £35,070pa
- Erv £43,800pa (8.34% yield)
- Located on popular retail parade in Selsdon
- Guide price: £525,000 F/H
The property comprises a retail unit on the ground floor (front) and a self-contained office suite at the rear of the ground. On the upper two floors there are two 1-bedroom self-contained flats which are accessed from the front of the property.
The property is currently producing £35,070. The flats are underlet with market rents for one bed flats locally closer to £14,400pa. Therefore, the collective erv is in the region of £43,400pa. This property will likely appeal to investors considering the day one income and the rare opportunity to acquire a freehold on this parade.
The property is currently producing £35,070. The flats are underlet with market rents for one bed flats locally closer to £14,400pa. Therefore, the collective erv is in the region of £43,400pa. This property will likely appeal to investors considering the day one income and the rare opportunity to acquire a freehold on this parade.
More information
Listed by
Acorn - Bromley Commercial
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