LOT 2 · COMMERCIAL PROPERTY
11 Surrey Street
Croydon, CR0 1RG
A Four Storey Semi-Detached Building Arranged to Provide a Ground Floor Retail Unit and a First Floor Flat Two Bedroom Flat Producing £31,200 Per Annum.
Property description
The property comprises a ground floor lock up shop with a two bedroom flat accommodation above situated within a semi detached building arranged over lower ground, ground and two upper floors. The property is entirely let on a 10 FRI Lease from 27th July 2016 producing £31,200 per Annum. The property further benefits from further development opportunity at the rear (Subject to obtaining all relevant consents)
Accommodation
Ground Floor
Retail Shop
First Floor
Two Bedroom Flat
Location
Surrey Street is a established parade close to the heart of Croydon town centre with Surrey Street market taking place 6 times a week. Transport links are provided by East Croydon rail station.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 11.1%
- Net yield
- 11.1%
- Annual income
- £31,200
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
Additional Fees & Important Information — Swift Property Auctions
Buyer's Premium & Disbursements
Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
Guide & Reserve Prices
Guide prices reflect the seller's minimum expectation at the time of listing. They are not valuations and may change prior to auction. All lots are offered subject to a Reserve Price, being the minimum the seller has authorised a sale at.
Administration Fee
A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
Available Prices (Post-Auction)
Where a property remains unsold, an Available Price may be advertised. This reflects the seller's expectations post-auction and is subject to contract.
Reliance on Guide Prices
Swift Property Auctions and the seller accept no responsibility for any loss arising from reliance on Guide Prices. It is the bidder's responsibility to determine the level at which they wish to bid.
Fees, VAT & Additional Charges
Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
Accuracy & Property Condition
Particulars, images and measurements are for guidance only and may change. No warranty is given as to condition or structure. Buyers should make their own enquiries and obtain professional advice before bidding.
Withdrawn or Pre-Sold Lots
Neither Swift Property Auctions nor the seller will be liable for costs or losses relating to lots withdrawn or sold prior to auction.
PROPERTY ENQUIRY
Speak with our auction team.
Ask about 11 Surrey Street, arrange a viewing or discuss your next steps.