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Croydon – Residential Investment and Development Opportunity
24-28 Canning Road, Croydon, CR0 6QD & Rear Site with Planning Permission
Offers in excess of £5,000,000
- Property Types:
- Development Opportunity, Residential
- Tenure:
- Freehold
Description
- 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
Subject to contract