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Agent's details

Sumner Road, Croydon CR0

For sale: POA

Property details

FOR SALEPOA
ADDRESSSumner Road, Croydon CR0 3LJ
TENUREFor Sale Freehold
POSTED ON13th May 2024

Description

Opportunity to acquire a residential Investment comprising 8 apartments.

• The existing property comprises 4 x 1 bedroom & 4 x 2-bedroom apartments arranged from basement to second floor, extending to a total area of approximately 3,961 sq ft NSA.

• The 8 apartments currently generate a combined rental income of £122,700 per annum.

• The property has an ERV of approximately £131,700 per annum, reflecting an initial yield of 7.32% at the purchase price.

• The property is available freehold.

Location

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Location: Sumner Road, Croydon CR0 3LJ

Colliers Wood (3.8 miles)

Morden (3.9 miles)

Tooting Broadway (4.0 miles)

West Croydon (0.4 miles)

Waddon (0.8 miles)

East Croydon (0.9 miles)

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