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73 South End 3,304 SF Retail Building Croydon CR0 1BF $2,641,659 ($799.53/SF) 7.75% Cap Rate
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
Building Size
3,304 SF
Building Class
B
Year Built
1930
Price
$2,641,659
Price Per SF
$799.53
Cap Rate
7.75%
NOI
$204,729
Tenancy
Single
Building Height
4 Stories
Building FAR
0.84
Lot Size
0.09 AC
Frontage
25’ on South End
Amenities
- Security System
1 1
Nearby Major Retailers
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73 South End
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