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Key Features
Unbroken Freehold Residential Investment
Modern development of 3 self-contained flats (2 x 2-bed and 1 x 1-bed)
Fully let on assured periodic tenancies producing a gross rental income of £49,931 per annum
Estimated Rental Value (ERV): £51,600 per annum
Site area extends to approximately 0.041 hectares (0.101 acres)
Located on Outram Road in Croydon, approximately 15 minutes' walk from East Croydon Station.
Offers are invited in excess of £665,000 for the freehold interest subject to the existing tenancies. A purchase at this reflects a gross yield of 7.50%.
