31 Station Road, London, 31 Station Road, London | Property for sale | Savills
Guide price £290,000

31 Station Road, London31 Station Road, London

  • New
  • Sole agency
  • Freehold
Investment
Yield 11%Yield

Key features

  • High Yielding Mixed Use Investment
  • Ground Floor Retail with 2 x Flats
  • Fully Let - Producing £31,864 per annum
  • Established and Popular Location
  • Asset Management Potential
  • Guide Price Reflects 11% Gross Yield

High Yielding Mixed Use Investment Comprising a Single Ground Floor Retail Unit and Two Flats Fully Let - Producing £31,864 per annum

About this property

  • The property comprises a high yielding mixed use investment opportunity forming part of a popular street in the centre of South Norwood. Arranged across ground, first and second floors, the property offers retail accommodation to the ground floor with two residential flats above. The ground floor is currently let on a 10 year lease from September 2019 at a rent of £10,000 per annum. The upper parts comprise two flats, benefitting from a shared access from street level. Both flats are let on Assured Shorthold Tenancies (ASTs) paying £9,900 per annum (£825 pcm) and £11,964 per annum (£997 pcm) respectively. We consider the property offers excellent diversity of income to secure and popular local tenants. We also consider there to be asset management via increasing the rents to the upper parts. The property benefits from a prominent frontage to Station Road, the principal pedestrian route to Norwood Junction Station. The amenities of Selhurst Road are immediately to the north whilst Selhurst Park football stadium is approximately 0.3 miles away. The retail frontages therefore benefit from high footfall.

Additional information

  • The ground floor is currently let on a 10 year lease from September 2019 at a rent of £10,000 per annum.
  • The upper parts comprise two flats, benefitting from a shared access from street level. Both flats are let on Assured Shorthold Tenancies (ASTs) paying £9,900 per annum (£825 pcm) and £11,964 per annum (£997 pcm) respectively.