Key features
- Fully let and income-producing freehold residential investment comprising part new build and part extended/converted block consisting of 16 modern apartments and 3 car parking spaces.
- Combination of studios, one-bed and two-bed apartments.
- Established Croydon location with access to local retail, leisure and transport amenities, supporting strong private rental demand.
- Completed in 2020.
- All units have EPC ratings ranging from B to C.
- Fully let on assured periodic tenancies, producing a gross income of £249,660 per annum.
- Seeking offers IRO £3,800,000 for the Freehold interest, subject to contract and the existing tenancies. A purchase at this level reflects a gross yield of 6.57%.
- We have arranged the following block viewing date: 11.00am to 12.30pm on Thursday 30 July 2026. Please email [email protected] or [email protected] in order to book an appointment.
Description
The property is arranged as a terrace-style block fronting Gloucester Road, with accommodation over ground, first and second/roof levels. The building is of traditional masonry construction beneath a pitched tiled roof, with dormer and rooflight accommodation at upper level.
Internally, the apartments provide practical, modern accommodation with fitted kitchens, contemporary bathroom fittings, with wood and carpet flooring throughout. The property also benefits from three rear car parking spaces, dedicated bin storage and ancillary external areas, with each apartment understood to be separately serviced and individually metered.
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