This property for sale comprises two residential freehold blocks and adjacent land. Both blocks have been converted into self-contained flats which are occupied and let on assured shorthold tenancy agreements.
The land adjacent to 165 Coombe Road (on the south east side of Dittoncroft Close) is held under separate title and currently used as four parking bays.
The investment currently produces £XXX pax which can be significantly improved upon rent review.
The property has the potential for additional residential development by utilising the rear of 165 Coombe Road and the land on the south east side of Dittoncroft Close held under separate title, subject to the grant of planning consent.
( Agency Pilot Software Ref: 12662 )
Location
165 & 167 Coombe Road, Croydon is situated close to a number of local parks and schools. A wide variety of shops, bars and restaurants are within walking distance in South Croydon town centre. A more substantial retail and employment offering is found in Croydon town centre. The local character of the area consists of detached houses on relatively large plots.
Terms
TENURE
The freehold interest in 165 Coombe Road is held under title SGL534860.
The freehold interest in 167 Coombe Road is held under title SY51598.
The freehold interest in the land on the south east side of Dittoncroft Close is held under title SGL602627.
DEVELOPMENT POTENTIAL The property has the potential for additional residential development by utilising the rear of 165 Coombe Road and the land on the south east side of Dittoncroft Close held under separate title, subject to the grant of planning consent.
OFFERS Offers are to be in excess of £XXX for the three freehold titles and should be made in writing to Stiles Harold Williams. Offers will also be considered for each block individually.
Please include the following detail:
- Offer amount;
- Any conditions;
- Proposed timescales;
- Solicitor details.
EPC The Energy Performance Certificates can be provided for each flat upon request and are available on our website. VAT We are advised that VAT is not applicable.
Specification
- Rarely available residential investment opportunity comprising 10 flats
- Two substantial freehold blocks. Available individually or together.
- Additional development potential to the rear and side of No.165
- Income of £XXX pax
- Guide price: In excess of £XXX