Property photos
Just added
£625,000
(£579.17/sq. ft)
Block of flats for sale
Portland Road, London SE251,200 sq. ft
Local area information
Property location
Nearby amenities
- St Mark's Church of England Primary Academy 0.1 miles
- South Norwood Primary 0.2 miles
- Norwood Junction 0.2 miles
- Birkbeck 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for South Norwood, Woodside Park and Anerley to find out more about the local area.
Features and description
- Mixed- use
Description:
We are happy to bring to market this fantastic opportunity to purchase a freehold mid-terraced building. The property is a mixed-use property, comprising a commercial unit on the ground floor at the front, with a 1 bed flat at ground floor at the rear with a shared garden, a studio on first floor, a 2-bed maisonette on first and second floors, and an unused basement with natural light.
Tenancy details:
- Commercial unit is let for £9,600 p.a.
- Studio is let for £9,665 p.a.
- 1 bed flat is let for £13,800 pa.
- 2-bed flat is let for £17,400 p.a.
The total current income is £50,465.
The current rent is below market rental values, and the income can be further increased by letting the basement, and potentially extending the building further.
Key Features:
• Tenure; Freehold
• Current rental income of £50,465p.a.
• Excellent opportunity to add value
• Price: £625,000 ex-vat
• Vat is not applicable to this property.
Location:
South Norwood is a very popular area with high rent demand. It is well positioned between Beckenham and Croydon. The property is a 3-minute walk to Norwood Junction Train and underground station.
Occupiers close by include Citizens Advice Croydon and local eateries.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
We are happy to bring to market this fantastic opportunity to purchase a freehold mid-terraced building. The property is a mixed-use property, comprising a commercial unit on the ground floor at the front, with a 1 bed flat at ground floor at the rear with a shared garden, a studio on first floor, a 2-bed maisonette on first and second floors, and an unused basement with natural light.
Tenancy details:
- Commercial unit is let for £9,600 p.a.
- Studio is let for £9,665 p.a.
- 1 bed flat is let for £13,800 pa.
- 2-bed flat is let for £17,400 p.a.
The total current income is £50,465.
The current rent is below market rental values, and the income can be further increased by letting the basement, and potentially extending the building further.
Key Features:
• Tenure; Freehold
• Current rental income of £50,465p.a.
• Excellent opportunity to add value
• Price: £625,000 ex-vat
• Vat is not applicable to this property.
Location:
South Norwood is a very popular area with high rent demand. It is well positioned between Beckenham and Croydon. The property is a 3-minute walk to Norwood Junction Train and underground station.
Occupiers close by include Citizens Advice Croydon and local eateries.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
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Property descriptions and related information displayed on this page are marketing materials provided by - Vanderwald. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Vanderwald for full details and further information.