CR0 Foley Court, 61 Outram Road, Croydon

Unbroken Freehold Residential Investment

Modern development of 3 self-contained flats (2 x 2-bed and 1 x 1-bed)

Fully let on assured periodic tenancies producing a gross rental income of £49,931 per annum

Estimated Rental Value (ERV): £51,600 per annum

Site area extends to approximately 0.041 hectares (0.101 acres)

Offers are invited in excess of £665,000 for the freehold interest subject to the existing tenancies. A purchase at this reflects a gross yield of 7.50%.

Located on Outram Road in Croydon, approximately 15 minutes' walk from East Croydon Station.

The property is situated in the 'East India Estate' Conservation Area. The surrounding area is predominantly residential 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.

East Croydon railway station is approximately a 15-minute walk from the property, providing services to Brighton, Gatwick Airport and London Terminals.

Sandiland Tram Stop is located 0.2 miles south of the property, providing services to Wimbledon, Beckenham Junction, Elmers End and New Addington.

Local shopping and leisure facilities can be found in Croydon town centre including a selection of High Street retailers, Centrale and the Whitgift Centre and a Theatre.

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