Guide price
£525,000
Property for sale129 Addington Road, South Croydon, Surrey CR2
Just added
Freehold
About this property
Freehold mixed-use building for sale
2 flats & 2 commercial units
Under-let producing £35,070pa
Erv £43,800pa (8.34% yield)
Located on popular retail parade in Selsdon
Guide price: £525,000 F/H
The property comprises a retail unit on the ground floor (front) and a self-contained office suite at the rear of the ground. On the upper two floors there are two 1-bedroom self-contained flats which are accessed from the front of the property.
The property is currently producing £35,070. The flats are underlet with market rents for one bed flats locally closer to £14,400pa. Therefore, the collective erv is in the region of £43,400pa. This property will likely appeal to investors considering the day one income and the rare opportunity to acquire a freehold on this parade.
The property is currently producing £35,070. The flats are underlet with market rents for one bed flats locally closer to £14,400pa. Therefore, the collective erv is in the region of £43,400pa. This property will likely appeal to investors considering the day one income and the rare opportunity to acquire a freehold on this parade.
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Monthly repayment
£2,626 per month
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