SSTC, 24 Bed Investment 

Reddown Road, Coulsdon

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Features

  • 12 x Two Bedrooms Apartments
  • New Build Development
  • On Site Parking for All Apartments
  • Modern Fitted Kitchens & Bathrooms
  • Apartments Sizes – 634ft2 to 736ft2
  • Total Size – 8,153ft2
  • Minor Works Required To Complete Development
  • 30 Minute Commute To London Bridge & London Victoria
  • 100m From South Coulsdon Rail Station
  • Freehold

Quick Details

2 Bedrooms1 Receptions1 Bathrooms

Address

4-4b Reddown RoadCoulsdonSurreyCR5 1AX
Details
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Property Details

•12 x Two Bedrooms Apartments
•Total Size – 8,153ft2 (757m2)
•Apartments Sizes – 634ft2 to 736ft2
•Asking Price: £3,750,000
•Freehold

An opportunity to acquire a New Build block of twelve two bedroom apartments in South Coulsdon. The apartments are situated over three floors with each property having its own private access from the communal garden space to the front of the building. The apartments are spacious and inviting with high quality laminate wood flooring in the lounge/diners and modern fitted kitchens and bathrooms.

There are 12 parking spaces at the rear of the block for residents uses. South Coulsdon Rail Station is only 100m from the property and offers a travel time of thirty minutes to London Bridge and Victoria giving residents of the development an easy commute into central London.

The property requires some finishing work to be completed, particularly to the communal areas. Purchasers to make their own investigations to understand scope of works required.

Accommodation

Flat 1 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 63.6m2/685ft2

Flat 2 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 64.9m2/699ft2

Flat 3 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 64.9m2/699ft2

Flat 4 GF - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 66.8m2/719ft2

Flat 5 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 58.9m2/634ft2

Accommodation cont

Flat 6 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 60.3m2/649ft2

Flat 7 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom. - 60.3m2/649ft2

Flat 8 1st floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 58.9m2/634ft2

Flat 9 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 61.1m2/658ft2

Flat 10 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 68.4m2/736ft2

Flat 11 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 68.4m2/736ft2

Flat 12 2nd floor - Entrance hall, open plan kitchen / living room, master bedroom, bedroom 2 and bathroom - 60.9m2/656ft2

Services

We understand the property to have mains gas, electricity, water and drainage. Interested parties should make their own enquiries.

Planning

The property is within the planning jurisdiction of Croydon council. Purchasers should make their own enquiries in respect of planning permission.

Investment Analysis

Following completion of the development we envisage each apartment will achieve a monthly rental income between £1,100 - £1,200 per month, equating to approximately £160,000 per annum.

If each apartment is sold individually following completion of works we anticipate the apartments will achieve in the region of £340,000 - £360,000 providing a gross development value of £4.1m - £4.2m.

Tenure

Freehold

Asking Price

£3,750,000

Joint Administrators Note

Michael Pallott and Adam Harris are authorised to act as insolvency practitioners in the UK by the Institute of Chartered Accountants in England and Wales and are bound by the Insolvency Code of Ethics. The affairs, business and property of the Company are being managed by the Joint Administrators. The Joint Administrators act as agents of the Company and without personal liability’

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