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AGENT'S DETAILS


33 Normanton Road, South Croydon, CR2 7AE

For sale: £55,000.00|Residential

PROPERTY DETAILS

FOR SALE£55,000.00
ADDRESS33 Normanton Road, South Croydon, CR2 7AE
TYPEResidential
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON6th March 2020

DESCRIPTION

A freehold ground rent investment offered for sale producing an annual rental income of £2,200.00 per annum gross.

The property comprises 7 modern self-contained flats with 3 allocated car parking spaces and a large communal garden.

The 7 flats are held on a long leasehold basis each with a term of 125 years commencing in 2018.

The service charge budget year end 2019 has been set with the landlord collecting a total annual service charge income of £7,874.50 apportioned on a floor area basis between the 7 flats.

The landlord's managing agent manages the property at an annual charge of £2,083.33 per annum excluding VAT.

Buildings insurance which covers the annual cost for insuring the building, including terrorism cover has been placed at sum of £1,000.


( Agency Pilot Software Ref: 12890 )

LOCATION

Location: 33 Normanton Road, South Croydon, CR2 7AE

Morden (5.4 miles)

Colliers Wood (5.6 miles)

Tooting Broadway (5.8 miles)

South Croydon (0.4 miles)

Sanderstead (0.8 miles)

Purley Oaks (0.9 miles)

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