Investment For Sale, South Croydon

Unbroken Freehold Residential Investment<br>
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Detached Purpose-built Block Of 12 Flats (11 X 2-bed And 1 X 1-bed)<br>
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Fully Let On Assured Periodic Tenancies Producing A Gross Rental Income Of £200,806 Per Annum<br>
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Estimated Rental Value (erv): £216,300 Per Annum<br>
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Site Area Extends To Approximately 0.18 Hectares (0.44 Acres)<br>
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Sustainable Commutable Location With Access To Bus Services To East Croydon And Walking Distance From South Croydon<br>
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1.5 Miles From Croydon Town Centre<br>
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Offers Are Invited In The Excess Of £2,650,000 For The Freehold Interest Subject To The Existing Tenancies. A Purchase At This Level Reflects A Gross Yield Of 7.58%.<br>
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Thorne Court Is Located On The Northern Side Of Croham Road Overlooking The Old Whitgift's Recreational Ground Approximately 0.6 Miles East Of South Croydon Railway Station.<br>
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The Property Is Situated In A Predominantly Residential Area Characterised By A Mix Of Older Period Houses, Many Of Which Have Been Converted To Self-contained Flats Over The Years, Together With Infill New Build Purpose-built Flat Developments Of Varying Ages And Types<br>
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South Croydon Railway Station Is Approximately A 10-minute Walk From The Property And Provides Direct Access To London Bridge (21 Mins), London Blackfriars (27 Mins) And London St Pancras (36 Mins).<br>
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East Croydon Railway Station Is Located 1.5 Miles North East Of The Property, Providing Services To Brighton, Gatwick Airport And London Terminals.<br>
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Lloyd Park Tram Stop Is Located 0.4 Miles North Of The Property, Providing Services To Wimbledon, Beckenham Junction, Elmers End And New Addington.<br>
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The Property Lies Within The Administrative Area Of The London Borough Of Croydon.