Map view Street view Shop / Mixed Use Investment For Sale, 21 Westow Street, Croydon, SE19 3RY 1,600 Sq Ft / Retail / Mixed Use For Sale - £1,125,000.00 Available - Last updated: 23 February 2026 A freehold mixed-use investment in the heart of Crystal Palace’s sought-after Triangle, producing a strong income with future development and asset management potential.Location The property is ideally located just moments from Westow Park and Crystal Palace Station (Overground & National Rail).Accommodation Size - 1,600 sq ft GF Front Shop - Retail tenant Ground Floor (E class) - Cab company First Floor 1 bed - Cab company Second Floor 1 bed - Residential tenant Second Floor Studio - Vacant Terms Property Overview Ground Floor (front): Barber shop on a 15-year lease from October 2023, with no breaks and 4-yearly rent reviews. Current rent £2,000 pcm / £24,000 pa. Ground Floor (rear): E Class accommodation currently occupied by a minicab operator at a rent of £48,000 pa. The accommodation is arranged as a series of rooms, kitchen and small yard. Market ERV is estimated at approx. £12,000 pa. First Floor: One-bedroom flat. Currently occupied by the same operator at £12,000 pa. Residential ERV is estimated at approximately £19,200 pa Second Floor: One-bedroom flat let at £16,800 pa together with a vacant self-contained studio with an ERV of £12,000 pa. Income Profile The property produces a passing rent of £100,800 pa. The current income profile is above underlying stabilised residential market levels, with reversionary ERV estimated at approximately £84,000 pa. Based on a purchase price of £1,125,000, this reflects: - 8.96% NIY on the current passing rent. - 7.47% NIY on reversionary ERV. Asset Management & Potential Potential to re-let the rear ground floor E Class unit and first floor residential accommodation at estimated market levels. Opportunity to bring the vacant second floor studio into income-producing use. Potential to convert the rear ground floor E Class accommodation to residential use, subject to planning. Tenure: Freehold Price: £1,125,000 Specification Prime freehold mixed-use investment in Crystal Palace Triangle Generating £100,800 gross annual income Just moments from Crystal Palace Station and Westow Park Excellent opportunity for investors seeking income and capital growth Property Quote Price(s) DescriptionSale typeGuide pricePrice type For Sale Freehold £1,125,000.00 NA Documents and links 21 Westow Street Brochure Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist