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Property Location

Investment Residential Ground Rent, Investment Residential, Investment Residential Angle, Investment Other

33 Normanton Road, South Croydon, CR2 7AE

Freehold £55,000 Offers are invited

0 sq ft
A freehold ground rent investment offered for sale producing an annual rental income of £2,200.00 per annum gross.

The property comprises 7 modern self-contained flats with 3 allocated car parking spaces and a large communal garden.

The 7 flats are held on a long leasehold basis each with a term of 125 years commencing in 2018.

The service charge budget year end 2019 has been set with the landlord collecting a total annual service charge income of £7,874.50 apportioned on a floor area basis between the 7 flats.

The landlord's managing agent manages the property at an annual charge of £2,083.33 per annum excluding VAT.

Buildings insurance which covers the annual cost for insuring the building, including terrorism cover has been placed at sum of £1,000.

The property is located on Normanton Road in South Croydon.

South Croydon railway station is located 0.5 miles from the property which provides direct links to London Bridge in circa 25 minutes and London Victoria in circa 30 minutes.
Richard Pillow
Richard Pillow
Matt Morris
Matt Morris

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