Unique opportunity to buy freehold investment in Crystal Palace
Description : 16 Mar, 2023
A unique opportunity to buy two adjoined buildings comprising: 2 shops, six x 2 bed flats, two x 1 bed flats, four studio flats with separate kitchens and bathrooms (one with planning permission to add a bedroom to loft space) planning permission for additional studio and historic permission for two x 2 beds with mansard roofs on top of the buildings.
So currently, two shops with twelve residential apartments - potential for three more flats which have had planning permission, totalling 15.
These buildings are adjacent to the beautiful art deco, newly refurbished Everyman Cinema in Crystal Palace, South London, flats are rented on ast’s, with additional three flats, yield would be approximately 6.5%.
This is the first time in 120 years these two buildings have been offered together. One of the shops is rented, the other, with A2 permission, is vacant.
Potential to add an aerial or transmitter at roof level which can cover the whole M25 area, attractive to rent to a radio station or phone company.
Crystal Palace was named the best place to live in London by the Sunday Times in 2022!!
Amazing views over Kent - and with the two rooftop flats, over London.
This is a historic and unique opportunity for an investor or pension fund.
We have now received several firm offers around and exceeding the asking price; this is your last chance to purchase a unique pair of buildings in one on London’s most up-and-coming neighbourhoods, within the famous Crystal Palace triangle with its array of superb restaurants, bijou cafes and antiques shops, only 11 minutes walk from the Overground Station with direct connections to London Bridge and Canada Water, close to the famous National Sports Centre including athletics stadium and swimming pool and the beautiful Crystal Palace Park.
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