This freehold property offers a unique opportunity for investors and developers looking for a blend of retail and residential spaces with significant renovation potential. Situated prominently along a major thoroughfare, the building features two ground floor retail units alongside two residential flats on the upper levels, all currently leased. This arrangement provides a stable income stream while also presenting avenues for future enhancement.
The basement area presents an additional opportunity for conversion, which could further increase the property's value, subject to planning permission. Moreover, there is potential to expand by building to the rear, creating even more diverse income opportunities in this growing neighborhood.
Located just 150 meters from Norwood Junction Railway Station, the property benefits from excellent transport links, facilitating easy access to key destinations such as Epsom, East Croydon, Clapham Junction, London Victoria, and London Bridge. The proximity to these services enhances its attractiveness for tenants and customers alike.
Situated within the London Borough of Croydon, this property is at the heart of a vibrant community that continues to develop and evolve. With a current total passing rent of £39,536.96 and potential for rental uplift, this investment not only offers immediate returns but also substantial long-term growth prospects as the area thrives.
