83-84 High Street

Property description

The property comprises a freehold mixed-use building arranged over ground and two upper floors, comprising two ground floor commercial units and three residential flats above. The residential accommodation consists of one three-bedroom flat and two two-bedroom flats, extending to approximately 182 sq m (1,959 sq ft). The commercial units produce £25,000 per annum, while the three residential flats are let to Optivo Housing Association until April 2027, producing £38,000 per annum. Total rental income is £63,000 per annum. The property has an Estimated Rental Value (ERV) of £65,000–£70,000 per annum following expiry of the existing residential letting.

Accommodation

Ground Floor
Two Commercial Units

Upper Floors
Three Bedroom Flat — Approximately 88 sq m (947 sq ft)
Two Bedroom Flat — Approximately 49 sq m (527 sq ft)
Two Bedroom Flat — Approximately 45 sq m (484 sq ft)

Total Residential Floor Area
Approximately 182 sq m (1,959 sq ft), excluding the two commercial units.

Location

The property is situated on South Norwood High Street, within the London Borough of Croydon. The High Street and nearby Portland Road provide a mixture of independent shops, cafés, restaurants, convenience retailers and everyday services. Local recreational facilities include South Norwood Lake and Grounds, South Norwood Recreation Ground and South Norwood Country Park.
Transport links are provided by Norwood Junction station, with National Rail and London Overground services, together with bus routes serving Croydon and the surrounding South London districts.