CR2 Thorne Court, 73 Croham Road, South Croydon

Unbroken Freehold Residential Investment

Detached purpose-built block of 12 flats (11 x 2-bed and 1 x 1-bed)

Fully let on assured periodic tenancies producing a gross rental income of £200,806 per annum

Estimated Rental Value (ERV): £216,300 per annum

Site area extends to approximately 0.18 hectares (0.44 acres)

Offers are invited in the excess of £2,650,000 for the freehold interest subject to the existing tenancies. A purchase at this level reflects a gross yield of 7.58%.

Thorne Court is located on the northern side of Croham Road overlooking the Old Whitgift's Recreational Ground approximately 0.6 miles east of South Croydon Railway Station.

The property is situated in a predominantly residential area characterised by a mix of older period houses, many of which have been converted to self-contained flats over the years, together with infill new build purpose-built flat developments of varying ages and types

South Croydon railway station is approximately a 10-minute walk from the property and provides direct access to London Bridge (21 mins), London Blackfriars (27 mins) and London St Pancras (36 mins).

East Croydon Railway Station is located 1.5 miles north east of the property, providing services to Brighton, Gatwick Airport and London Terminals.

Lloyd Park Tram Stop is located 0.4 miles north of the property, providing services to Wimbledon, Beckenham Junction, Elmers End and New Addington.

The property lies within the administrative area of the London Borough of Croydon.