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For Sale: £850000

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For Sale: £850000 FOR SALE: £850,000 HMO INVESTMENT – 1,674.5 SQ FT (155.58 SQ M) 13 THE CRESCENT, CROYDON CR0 2HN 13 THE CRESCENT, CROYDON CR0 2HN PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M) HMO INVESTMENT FOR SALE Property Address 21/05/2018 £850,000 | HMO INVESTMENT WITH PLANNING PERMISSION Freehold 6 bedroom HMO investment with planning permission LOCATION for conversion to 8 bedrooms: The site fronts The Crescent in Croydon. The local authority is the London Borough of Croydon. Licenced HMO investment producing £35,260.96 per annum gross The property is within walking distance of the The Crescent Primary School. Croydon . Planning permission dated 15/03/2018 to form 8x en-suite town centre which to the south is due to be extensively redeveloped by Westfield & bedrooms via internal conversion and extension Hammerson providing £2bn of investment to the local area. No CIL, S106 or affordable housing . Selhurst Station 0.5 miles | East Croydon Station 1.4 miles Local transport facilities are excellent with links to central Croydon via frequent bus services or via Selhurst railway station which offers services to London Victoria, DESCRIPTION Gatwick airport, East Croydon and West Croydon. 13 The Crescent comprises a semi-detached seven bedroom Victorian era property over three floors with two shared bathrooms, USE WC and shared kitchen/dining area. The property comprises a House in Multiple Occupation with a valid HMO licence for six persons expiring 3 April 2022. The property benefits from a large communal areas, off-street car parking and a good sized private rear garden for the residents. One AMENITIES of the first floor bedrooms has use of a private terrace. Seven bedrooms . Two Bathrooms TENANCY SCHEDULE . Large kitchen UNIT RENT PA EXPIRY DATE . Off-street parking . Private rear garden 1 - - . Gas Central heating throughout 2 £5,400 2 weeks’ notice by tenant or landlord . Balcony 3 £6,240 02/06/2017 TENURE 4 £5,760 2 weeks’ notice by tenant or landlord Freehold (Title number SY124428). 5 £7,020 2 weeks’ notice by tenant or landlord ACCOMMODATION (GIA) 6 £5,640 2 weeks’ notice by tenant or landlord SQ FT SQ M 7 £5,199.96 02/06/2018 GROUND FLOOR 607.5 56.44 TOTAL £35,260.96 FIRST FLOOR 541.1 50.27 SECOND FLOOR 607.5 48.87 ANNUAL COSTS TOTAL 1,674.6 155.58 We are advised the total costs are approximately £11,655 per annum. All costs are paid by the landlord including; Council Tax, Water, Electricity, Broadband, Gas and Cleaning. VIEWINGS 0208 662 2700 SOCIAL Richard Pillow 0794 737 3868 [email protected] Follow us on twitter @SHWProperty Alexi Borg 0208 662 2745 [email protected] SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316 13 THE CRESCENT, CROYDON CR0 2HN PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M) HMO INVESTMENT FOR SALE Property Address 21/05/2018 £850,000 | HMO INVESTMENT WITH PLANNING PERMISSION PLANNING PERMISSION Planning permission was granted 15 March 2018 under planning reference 17/06191/FUL for alterations and use as a house in multiple occupation (HMO) with 8 rooms and the erection of a single storey rear extension. Upon completion of the conversion works the property will comprise an eight en-suite bedrooms HMO with two communal kitchens. PROPOSED ACCOMMODATION (GIA) SQ FT SQ M GROUND FLOOR 782.5 72.7 FIRST FLOOR 528.5 49.1 SECOND FLOOR 419.7 39.0 TOTAL 1,730.7 160.8 VIEWINGS 0208 662 2700 SOCIAL Richard Pillow 0794 737 3868 [email protected] Follow us on twitter @SHWProperty Alexi Borg 0208 662 2745 [email protected] SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316 13 THE CRESCENT, CROYDON CR0 2HN PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M) HMO INVESTMENT FOR SALE Property Address 21/05/2018 £850,000 | HMO INVESTMENT WITH PLANNING PERMISSION COUNCIL TAX OFFERS Band F - £2,251.78 per annum. The property is to be sold by private treaty (subject to contract). Please contact SHW for the tender deadlind EPC date. The EPC rating is E. Offers are being sought in writing and should be VAT delivered by post or email addressed to the vendors VAT will not be chargeable on the terms quoted. sole selling agent marked for the attention of Richard Pillow or Alexi Borg and to include the following LEGAL COSTS information: Each party is to be responsible for their own legal fees. Identity of proposed purchaser; TERMS Purchase price; We are inviting offers in the region of £850,000 for the Provide financial evidence of your ability to complete the purchase and track record; freehold interest subject to the Assured Shorthold Tenancies or with Vacant Possession. Timescales for exchange of contracts and completion of sale; FURTHER INFORMATION State the name of your solicitor; Any conditions or surveys that are required; Planning and other related documentation will be sent via email upon request. No bid to be calcuable by reference to any other bid. Richard Pillow t: 020 8662 2720 e: [email protected] Alexi Borg t: 020 8662 2745 e: [email protected] VIEWINGS 0208 662 2700 SOCIAL Richard Pillow 0794 737 3868 [email protected] Follow us on twitter @SHWProperty Alexi Borg 0208 662 2745 [email protected] SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316 REVISIONS BEDROOM BEDROOM TOILET Existing Second Floor Plan NOTES COPYRIGHT © EllisMiller Survey information approximate only All dimensions to be checked on-site Not for construction purposes BEDROOM BEDROOM TERRACE BEDROOM N Existing First Floor Plan 0 1 2 1:100 Scale at A3 (m) EllisMiller Unit HQ, Leswin Place, London N16 7NJ Phone +44 (0)208 880 6450 Email: [email protected] www.ellis-miller.com BEDROOM Client BEDROOM Thornton Heath Properties Ltd Project Number: 201 13 The Crescent, Croydon Sheet Existing Ground, First & KITCHEN DINING Second Floor Plans SCALE @ A3=1:100 SCALE @ A1=1:50 ARCHITECTURAL Existing Ground Drawing Number Revision Floor Plan 201-P-200 REVISIONS NOTES COPYRIGHT © EllisMiller Survey information approximate only All dimensions to be checked on-site Not for construction purposes N 0 1 2 1:100 Scale at A3 (m) EllisMiller Unit HQ, Leswin Place, London N16 7NJ Phone +44 (0)208 880 6450 Existing Front Existing Rear Email: [email protected] www.ellis-miller.com Elevation Elevation Client Thornton Heath Properties Ltd Project Number: 201 13 The Crescent, Croydon Sheet Existing Front & Rear Elevations SCALE @ A3=1:100 SCALE @ A1=1:50 ARCHITECTURAL Drawing Number Revision 201-P-201 REVISIONS NOTES COPYRIGHT © EllisMiller Survey information approximate only All dimensions to be checked on-site Not for construction purposes N 0 1
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