Eight Bedroom HMO For Sale in Croydon, CR0

This property is marketed by:
Bonsors / SHW

Key Features

• Eight-bedroom HMO for 10 persons
• Detached building arranged over basement, ground, first and second floors
• Let to the London Borough of Croydon with a gross income of £70,560 per annum
• There may be potential to convert the property into a single dwelling or self-contained flats subject to obtaining the relevant consents
• Offers are invited in excess of £925,000 for the freehold interest

Description

The property comprises a detached building over basement, ground, first and second floors which is currently arranged as a eight-bedroom House of Multiple Occupancy (HMO). The property currently comprises three communal shower rooms on the first and second floors and communal kitchen facilities on the ground and second floors. The property is let to London Borough of Croydon, with income of £70,560 per annum. After accounting for the landlord’s responsibility for utilities and Council Tax, the net annual income is £58,360. The property could lend itself to conversion back into one residential dwelling - benefitting from three large reception rooms, a large kitchen and five bedrooms. Externally, there is a private driveway for two cars, a garage, and a large garden with rear patio.

Location

The property is located on Mulgrave Road, Croydon. East Croydon Railway Station is located 0.7 miles north of the property, providing services to Brighton, Gatwick Airport and London Terminals. East Croydon Tram Stop provides services to Wimbledon, Beckenham Junction, Elmers End and New Addington. The property has a Public Transport Access Level (PTAL) rating of 5. The property is located within Chatsworth Road Conservation Area.