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For Sale£290,000.00

CR0: Freehold for sale Overs offer: £290,000

Residential Land, Mixed Use, Residential, Other Property Types & Opportunities
Property type: Residential Land, Mixed Use, Residential, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Price: £290,000.00
Location: 3 Overtons Yard, CR0 1SL
Overs offer: £290,000

Freehold, with the residential upper parts (comprising 8 flats) sold off on a 999-year lease from 1st January 2006, paying a ground rent of £200 per annum per flat and 2 commercial ground floor units, both let out for 10 years, one from 2016 paying £9,600 pa and the other from 2017 paying £13,500 pa. Total annual income: £24,300

VAT will be applicable on the purchase price.

Location: within half a mile of East Croydon mainline station offering links to London Bridge and Victoria stations in circa 15 minutes as well as the express service to Gatwick Airport. Croydon Town Centre offers an array of shops in the existing Whitgift and Centrale shopping centres with Westfield also planned for the area.

Address:

Traders Quarter
3 Overton’s Yard
Croydon, CR0 1SL

One of the commercial tenants is: https://www.wellnesscroydon.co.uk/
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