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73 South End 3,304 sq ft Retail Property Croydon CR0 1BF £2,000,000 (£605.33/sq ft) 7.75% Net Initial Yield
Investment Highlights
- Local residential population of around 400,000
- Excellent transport links to London Bridge, Victoria, and Gatwick Airport.
- Situated on established commercial thoroughfare
Executive Summary
The property comprises a ground-floor commercial unit — a former licensed bar and restaurant — currently vacant. The unit extends to approximately 307 sq m (3,304 sq ft) and includes a main bar room, function room, kitchen, kitchen store, beer cellar, and WC facilities. The estimated rental value is £75,000 per annum.
Five self-contained residential flats occupy the upper floors at 1 and 3 Aberdeen Road, accessed via an external staircase. Four of the five flats are currently let. One flat (Flat 1, 1 Aberdeen Road) is currently vacant.
The asking price is £2,000,000. Open to offers - buyer's solicitors to correspond with Calibre Acquire.
Five self-contained residential flats occupy the upper floors at 1 and 3 Aberdeen Road, accessed via an external staircase. Four of the five flats are currently let. One flat (Flat 1, 1 Aberdeen Road) is currently vacant.
The asking price is £2,000,000. Open to offers - buyer's solicitors to correspond with Calibre Acquire.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
3,304 sq ft
Costar Property Class
B
Year Built
1930
Price
£2,000,000
Price per sq ft
£605.33
Yield
7.75%
NOI
£155,000
Tenancy
Single
Number of Floors
4
Plot ratio
0.84
Total Plot Size
0.09 ac
Frontage
25 ft on South End
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 12
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73 South End
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