Property description

**DEVELOPMENT OPPORTUNITY **
Located moments away from Thornton Heath Pond. 1 mile from Thornton Heath Station. 1.8 miles from Croydon Town Centre - needless to say Croydon is undergoing a huge regeneration.
The property will be sold with FRI leases and the attachment shows the rental income. The leases are within the act, no guarantors and with no rent arrears. The site sites with as one title and is not held in a SPV. The site is approximately 550 sq metres or 5,920.15 sq ft. The site could be subject to development by way of adding an additional floor (as the neighbouring properties have done so) and converting both the first and proposed second floor to flats. A local architect has estimated to fit 9 flats over the first and second floor

Strictly Unconditional Offers Only
Guide price of £2.5m which represents a strong 6.84% yield

Buyers fee applicable

Property Features :

• DEVELOPEMENT
• CROYDON AREA
• CLOSE TO STATION
• PRIME LOCATION
• GOOD CURRENT RENATL YIELD