Property photos
Just added
£550,000
Retail premises for sale
131 Addington Road, Selsdon, Surrey CR2Local area information
Property location
Nearby amenities
- Croydon High School 0.2 miles
- Selsdon Primary and Nursery School 0.3 miles
- Sanderstead 1.4 miles
- Purley Oaks 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold mixed use building for sale
- 2 flats & a commercial unit
- Under-let producing £39,139pa
- Erv £45,000pa
- Located on popular retail parade in Selsdon
- Guide price: £550,000 F/H
- Flats converted in 2017
This fully let mixed-use building produces £39,139pa. This includes 2x one-bedroom flats which are all let on AST's at £1128pcm & £1300pcm respectively & a commercial unit which is let at £10,000pa to a Class E, Tech shop operator. The property was granted consent in 2017 under planning ref 17/05787/ful to convert the first and second floors into 1-bed flats. The flats are slightly underlet, market rents for one bed flats are in the region of £15,000pa & the commercial unit has an erv of c.£14,000pa . The erv is in the region of £46,000pa. This property will likely appeal to investors considering the day one income and the rare opportunity to acquire a freehold on this parade
More information
Listed by
Acorn - Bromley Commercial
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