London SE25 – Freehold Shop and Residential Ground Rent Investment
Unit - South Norwood,
73 High Street, South Norwood, London, SE25 6EB
Freehold Shop and Residential Ground Rent Investment
- Purchase Price: £145,000
- Net initial yield of approximately 5.31% assuming normal purchaser’s costs
- VAT is applicable to this lot
- Asset Management Opportunity. Under rented (ERV circa £12,000)
- Comprising a shop and three ﬂats (sold off)
- Well situated on High Street
- Occupiers close by include Coral, Townsends estate agents, Ladbrokes, Jukes & Co estate agents, The Post Oﬃce and NatWest, amongst others
South Norwood is a busy and densely populated South East London suburb, lying 2 miles north of Croydon and some 9 miles south of Central London and is located within the London Borough of Croydon. Norwood Junction Mainline Station provides regular non-stop services to London Bridge (journey time 17 minutes).
The property is situated on the south side of High Street, in between its junctions with Portland Road and Station Road. To the rear of the property is a public pay and display car park. Occupiers close by include Coral, Townsends estate agents, Ladbrokes, Jukes & Co estate agents, The Post Office and NatWest, amongst others.
Tenancies & Accommodation:
Disclaimer: Blue Alpine Partners 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 Blue Alpine Partners 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, Blue Alpine Partners 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. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.
Joseph Bachman is responsible for operations and investor relations within Blue Alpine Ltd. A strategically minded Entrepreneur and Director, possessing a 10+ year demonstrable track record of creating revenue growth and shareholder value. Expertise in International expansion, corporate restructuring, business development, sales and marketing strategies, financial management and fostering strong alliances. Since May 2010, when he co-founded the women’s luxury brand Paolita, Joseph has collaborated with over 200 global fashion brands. Prior 2010, Joseph worked in the private equity and hedge fund sectors as a consultant specialising in co-investment opportunities and fundraising.