For Sale

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