This property presents a compelling opportunity for investors and renovators alike, featuring a unique configuration of commercial and residential space within a four-storey semi-detached building. The ground floor is occupied by a retail shop, currently generating an annual income of £31,200 from a 10-year FRI lease that commenced on July 27, 2016. Above the shop, the first floor accommodates a one-bedroom flat, providing additional rental potential or an option for owner-occupancy.
Beyond its current setup, the property offers significant renovation possibilities. With the right vision and planning, there’s potential for further development at the rear of the building, enabling you to enhance its value (subject to obtaining necessary consents).
Situated in an established parade on Surrey Street, this location benefits from close proximity to Croydon town centre and vibrant local amenities, including Surrey Street market which operates six days a week. Transport links are easily accessible via East Croydon rail station, making this property not only appealing for its immediate returns but also for its long-term investment potential in an area that continues to show signs of growth.
Whether you're looking to renovate the existing flat or maximize the commercial space’s value, this property offers a practical canvas for future improvements while maintaining solid cash flow from its current lease arrangements.
