20 Bedroom Block Of Apartments Sold in Croydon, CR0
| Reference | 47889 |
| Address |
Boswell House, 17 South End, Croydon, CR0 1BZ (Map Location) |
| Beds | 20 |
| Baths | 14 |
| Type | Block of Apartments |
| Tenure | Freehold |
UNBROKEN RESIDENTIAL FREEHOLD INVESTMENT
Description
• Unbroken freehold residential investment opportunity within central Croydon.
• The property comprises x12 self-contained flats (1 x studio, 3 x 1-bedroom, 8 x 2bedroom) and is fully let producing a current gross rental income of £170,566 per annum.
• Offers invited for the freehold interest, subject to contract
The property once Clydesdale Bank, comprises a three-storey semi-detached Grade II listed converted office, with modern three storey addition to the rear, providing a total of x12 self-contained apartments (x8 two-bedroom, 3 x 1- bedroom and 1 x studio).
The property was converted in 2007 to a good standard and has been maintained ever since. The units are all of a good size and have fitted kitchens and well fitted bathrooms and ensuites. There are many features ideal for the rental market such as hard-wearing laminate floors in areas of high ware and suitable floor coverings in the kitchen areas.
The total lettable area of the individual flats extends to approximately 7,567 sq ft. All the individual flats are let on standard Assured Shorthold Tenancy (AST) terms, holding over on a periodic basis and producing a current total gross income of £170,566 per annum.