Freehold Investment/Development Opportunity – Croydon
94 Park Lane, Croydon, CR0 1JB
5,887.86 sq ft
- Croydon is one of the best connected towns in south London with excellent road and rail links, including London Victoria and London Bridge in 15 minutes.
- Purpose built 5,895 sq ft oﬃce building situated less than 15 minutes walk from the town centre and East Croydon Station.
- Let to HML PM Limited until July 2025 at a low passing rent of £110,000 per annum (£18.65 psf).
- Of interest to investors, developers and owner occupiers with opportunity to reposition the property including alternative uses, subject to planning.
- Oﬀers in excess of £1,500,000.00 (One Million Five Hundred Thousand Pounds) exclusive of VAT, subject to contract, for our client’s freehold interest. A purchase at this level reﬂects a net initial yield of 6.9% after purchaser’s costs of 6.1% and a low capital value of £255 psf.
Where to find this property