Land for sale

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Land for sale

Lower Addiscombe Road, Croydon
£2,900,000

Our Summary

  • 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

Description

This large freehold building in Bensons is a rare opportunity to acquire two separate commercial premises, with one unit currently generating £35,000 in rental income per annum and the other being a supermarket with approximate weekly takings of £30,000. The building also has upper apartments, with potential to add further floors and generate more income, subject to planning permission. The existing flats are independently owned, but the seller is willing to grant a time period to explore options to add value, although no guarantees can be given. With an EPC rating of C, this property presents a golden opportunity for investors or developers to increase its value and income.
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