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One unit is currently let producing £35,000 rental income per annum and the other is a supermarket with approximate takings of £30,000 per week which the incoming purchaser could take over or let!
The building has upper apartments currently, however we feel that an incoming purchaser could possibly apply for permission to build further apartments by way of adding a further floor thus generating more income! There is income from the existing flats by way of ground rent by way of freehold. However they are independently owned.
This is subject to planning being obtained by an incoming purchaser and the seller is happy to grant a time period to explore various options to add value. (no guarantees can be given) EPC Rating C. Back to listing
Full details for For Sale in Croydon
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Description
Golden opportunity! Bensons are the sole selling agents of this large freehold building which is two separate commercial premises.One unit is currently let producing £35,000 rental income per annum and the other is a supermarket with approximate takings of £30,000 per week which the incoming purchaser could take over or let!
The building has upper apartments currently, however we feel that an incoming purchaser could possibly apply for permission to build further apartments by way of adding a further floor thus generating more income! There is income from the existing flats by way of ground rent by way of freehold. However they are independently owned.
This is subject to planning being obtained by an incoming purchaser and the seller is happy to grant a time period to explore various options to add value. (no guarantees can be given) EPC Rating C. Back to listing
