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Other, Development - Residential, Investment, Land For Sale

36 High Street, Croydon CR0 1YB

Shortlist +
13,368 sq ft (1,241.89 sq m)
£
For Sale - £1,000,000 Offers in excess of

Key Features

Fantastic prime central location.
The property comprises a prominent terrace building with frontage to both Croydon High Street and Surrey Street.
The property is entirely let on one FRI lease at £90,000 per annum until 2037 with mutual breaks at 2027 and 2032.
Two residential units already on site and potential to convert to 15 residential units with 2 commercial units.
EPC Rating B.
Offers are invited in excess of £1,000,000. A purchase at this level, after purchaser's costs, would show a net initial yield of 8.51% and a low entry price of £74.80 psf.