Under Offer

High Street Retail Property for sale

277 Waddon Road, Croydon, Surrey CR0


OIEO
£300,000
S.O.A.

Description

The subject property comprises a two-storey building located just off the Purley Way (A23) in Croydon. The building includes a ground floor commercial unit measuring 525sqft, and a one bedroom flat across the first floor measuring 400sqft.

The entire building is vacant, and whilst the flat is in good order throughout, the commercial unit will require some light refurbishment works.

The property will likely appeal to both owner-occupiers and investors. For owner-occupiers there is an opportunity to acquire a prominent commercial position just off the Purley Way (A23), with the added bonus of a flat above. For investors there is an estimated rental value of £22,000-£24,000pa once the property is fully let, which at the asking price equates to an attractive 7%-8% return.

Categories

High Street Retail PropertyCommercial Investment Property
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Property reference
CP25088_160