Two sites, each comprising five flats - available virtual Freehold for sale.
The portfolio of flats are being sold off on individual 999 year Leases, subject to a peppercorn Ground Rent.
Guide Price: £2.5 Million.
( Agency Pilot Software ref: 528 )
Location
The property is prominently located on the north eastern side of Central Parade, within a densely populated residential area, with thriving retail and leisure facilities in the vicinity, good transport links for bus routes and the Tramlink (New Addington) which offers direct links to Croydon, Wimbledon and Beckenham Junction mainline BR Stations, all with fast regular services into both Central London and Gatwick.
Accommodation
56a 1 st Floor 1 Bed Flat 474 sq ft
56b 1 st Floor 2 Bed Flat 517 sq ft
56c 2 nd Floor 1 Bed Flat 732 sq ft
56d 2 nd Floor 2 Bed Flat 646 sq ft
56e 1 st Floor 1 Bed Flat 452 sq ft
Terms
The premises are being sold off on new individual 999 year Leases at a peppercorn Ground Rent, subject to the existing Company Lets and Assured Shorthold Tenancies.
Guide Price Both properties are available as one lot at £2.5 Million. Alternatively, each site is available individually as follows: 56 Central Parade £1.1 Million 27 The Drive: £1.4 Million
VAT VAT will not be applicable to the purchase price.
Data Room Further information relating to this opportunity is contained within the Data Room.
Legal Costs Each party is to be responsible for their own costs in this transaction.
Specification
• Guide Price: £2.5 Million
• Current Rental Income: £119,806.56 pa
• Asset Management Opportunity