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33 Normanton Road, South Croydon, CR2 7AE

not specified / Other / Residential

For Sale - £55,000.00

Available - Last updated: 13 August 2019

A freehold ground rent investment offered for sale producing an annual rental income of £2,200.00 per annum gross.

The property comprises 7 modern self-contained flats with 3 allocated car parking spaces and a large communal garden.

The 7 flats are held on a long leasehold basis each with a term of 125 years commencing in 2018.

The service charge budget year end 2019 has been set with the landlord collecting a total annual service charge income of £7,874.50 apportioned on a floor area basis between the 7 flats.

The landlord's managing agent manages the property at an annual charge of £2,083.33 per annum excluding VAT.

Buildings insurance which covers the annual cost for insuring the building, including terrorism cover has been placed at sum of £1,000.


( Agency Pilot Software Ref: 12890 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £55,000.00 NA

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Richard Pillow

SHW

020 3151 3239



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