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8 bed property
Outram Road, Croydon, Lower Addiscombe, Croydon CR0
£1,750,000
Outram Road, Croydon, Lower Addiscombe, Croydon CR0
£1,750,000
Our Summary
- Exceptional Investment Opportunity
- Development potential
- Located on a peaceful residential street in sought-after Lower Addiscombe, these two impressive 5,206 sq ft freehold buildings present a rare and versatile investment opportunity
- Set on a notably large plot, the building offers significant scope for further development or reconfiguration, subject to planning consent
- Whether you're looking to enhance the existing layout, explore extension potential, or redevelop entirely, this property provides a compelling canvas for capital growth
- Large plot with development potential
Description
This exceptional investment opportunity presents two substantial freehold buildings on a quiet residential road in Lower Addiscombe, Croydon, comprising eight one-bedroom apartments fully let on assured shorthold tenancies. The property generates an annual rental income of £91,200, with an estimated rental value of approximately £132,000, offering significant scope for capital growth. The buildings sit on a large plot, providing potential for further development or reconfiguration, subject to planning consent. Located in a sought-after area with excellent transport links, local amenities, and green spaces, this property presents a rare and versatile investment opportunity for those looking to enhance the existing layout, explore extension potential, or redevelop entirely.