Block of flats for sale in Sydenham Road, Croydon CR0

Guide price £2,700,000 (£423.26/sq. ft)
Interested in this property? Call +44 20 8033 5526 * or Request Details

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Block of flats for sale 6,379 sq. ft*

Property features

  • Freehold
  • HMO - Turnkey Investment Opportunity
  • 11 Apartments
  • Off Street Parking
  • Gross Annual Income £141,039.96
  • Fully let

Property description

Investment / development opportunity

Dexters are delighted to offer for sale a turnkey investment opportunity featuring a total of 11 apartments (9nos. One-bedroom apartments, 1nos. Two-bedroom apartments and 1nos. 2-bedroom duplex apartment) held within a single freehold title.

Sydenham Road is a popular residential road that runs between St James's Road and Northcote Road and is a walking distance to Selhurst train station and East Croydon train station with direct trains to Central London (London Victoria, London Blackfriars and London Bridge) and local bus routes and rail tram system.

The original building features four storeys and contains eight apartments (7nos. One-bedroom apartments and 1nos. Two-bedroom apartment).

The building has been extended as detailed within Planning Application Reference: 16/03651/P creating three new apartments (2nos. One-bedroom apartments and 1nos. Two-bedroom duplex apartment).

The property further benefits from off-street parking for circa 5 cars to the front and private and communal gardens to the rear of the building.

All apartments are currently let on Assured Short Hold Tenancy Agreements with a gross annual income of £141,039.96 (One Hundred and Forty-One Thousand, Thirty-Nine Pounds and Ninety-Six Pence) which represents an annual yield of 5.2% at the asking price.

Part Of Freehold title (hm Land Registry Title Number SY49596) as shown cross-hatched in Blue on the Promap Map 01.

In addition, the land located to the rear of 256 Sydenham Road, Croydon, CR0 2EB (see crossed-hatched in Red on Promap 02) is available to purchase. The land is circa 162 m² (1,740 ft²) and is currently occupied by a large wooden shed. The land has redevelopment potential subject to securing the necessary planning permissions.

Guide Price: To be confirmed
Floorplan(s): Floor Plan

Floor Plan View original

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Dexters - Development and Investments London, KT6 on +44 20 8033 5526 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dexters - Development and Investments London, and do not constitute property particulars. Please contact Dexters - Development and Investments London for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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