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3 bed property
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Our Summary
- Property Overview:This prominent mixed-use property offers substantial space and excellent development potential
- Formerly operating as a newsagent, the ground floor includes: A spacious retail unit facing the busy London Road A large rear storage room An additional rear bathroom A separate, expansive room with roller shutters opening to the buildingAccessed via internal stairs, the first-floor features: Two good-sized bedrooms A generous lounge area A WC roomDevelopment Potential:This property offers significant scope for redevelopment, including: Potential for a single or double-storey extension to the rear (Subject to planning permission) Opportunity to reconfigure or expand for increased rental yield or capital appreciationLocation Highlights: Situated on the busy London Road, Croydon, benefiting from high pedestrian footfall Croydon University Hospital is just a stone’s throw away Surrounded by local shops, amenities, and a vibrant community Excellent transport links with frequent bus routes serving the areaThis is a rare opportunity to secure a unique freehold investment in a sought-after and high-demand location
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Description
Crown Real Estate presents a unique investment opportunity to acquire a freehold building in Croydon, comprising a ground floor retail unit and a self-contained first-floor flat. The property offers substantial space and excellent development potential, with the ground floor featuring a spacious retail unit, storage room, and additional bathroom, while the first floor has two bedrooms, a lounge area, and a WC room. The property is situated on the busy London Road, with high pedestrian footfall and excellent transport links, and benefits from being surrounded by local shops, amenities, and a vibrant community.
The building also offers significant scope for redevelopment, including potential for a single or double-storey extension to the rear, subject to planning permission, making it an attractive opportunity for investors looking to capitalize on its prime location and development potential.