Property Listing Details

commercial property - Other

Montello Apartments 23 South Park Hill Road, South Croydon

  • 23-Oct-2024

£3,950,000

Property details

Description

Offers in the region of £3,950,000 Montello Apartments 23 South Park Hill Road, South Croydon Sole agency Freehold Residential investment Share Save Key features Unbroken Freehold 12 Residential Apartments & Parking Excellent Connectivity Strong Underlying Investment Fundamentals Savills OCM are pleased to offer to the market for sale, Montello Apartments, a stabilised residential investment block. About this property Investment Highlights: - Unbroken Freehold: Attractive income producing, freehold asset. - 12 Residential Apartments & Parking: Extending to 7,672 sq ft (NSA), fully let on AST’s producing an annual rent equivalent to £235,800 (ERV £247,200 pa). - Excellent Connectivity: Situated c. 150m from South Croydon Station, providing direct access into London Bridge within 20-minutes. - Strong Underlying Investment Fundamentals: One and two bedroom rents in Croydon have grown by c. 40% over the last 5 years (7% CAGR), whilst rental listings have decreased by c. 35%. Energy performance B-C Contact an agent James Laverack Margaret Street +442073308660 Contact now Jonathan Campbell Margaret Street Contact now Request details Download PDF brochure

The Agent

Price history

23-Oct-2024 £3,950,000 First listed

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