£4,000,000
(£504/sq. ft)
Property for saleNorwood High Street, West Norwood, London SE27
7,942 sq. ft
- Freehold
Foxtons - Residential Development and Investment
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About this property
Freehold Title
Income Producing: All 18 flats are let and generating a substantial annual rental income of £243,144
Good Condition: The flats are well-maintained and in good condition
Central Location: Close to the main shopping and amenities of West Norwood and within short walk of the railway station
Investor Interest: Strong appeal for residential-based income investment.
Development Potential: Opportunity for vertical extension to increase value.
Residential Investment Opportunity in vibrant West Norwood. Situated on Norwood High Street, to the south of the London Borough of Lambeth, freehold building of 18 residential flats all let on ASTs for £243,144 p.a.
Prime Residential Investment Opportunity in vibrant West Norwood. Situated on Norwood High Street, towards the southern edge of the London Borough of Lambeth, approximately five miles south of Central London. West Norwood Railway Station is just 200 meters to the north-west, offering convenient direct routes into Central London. This mixed-use freehold property features a mid-terrace former office building which was converted in 2021 to provide, 18 Residential flats. The building is arranged over a basement, ground, and two upper floors, with a rear yard and car park accessible from Langmead Street and a side gate. Floors, with a rear yard and car park accessible from Langmead Street and a side gate. The northern part of the property dates back to the 19th century and is constructed of traditional solid brick, while the remainder of the building, constructed in the 1980s, features a concrete frame with brick facades and arched windows.
The property is well located for a wide range of amenities on offer in central West Norwood while the green open spaces of Norwood Park are easily accessible as well as transport links.
Please use the reference PTNY5269971 when contacting Foxtons.
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