Bairstow Eves, Norbury Estate Agent in SW16 4AQ

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020 3369 4295

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Modern 0 bed property

Available

For Sale

Listed Jun 3, 2024

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£1,900,000

Available

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020 3369 4295

By Bairstow Eves, Norbury

Description

" An attractive investment opportunity presents itself with a existing development of six modern flats and a charming 3 bedroom bungalow, nestled at the vibrant junction of Northborough Road and Lyndhurst Avenue in Norbury, South West London.

Currently generating an annual rental income of £121,600, this property portfolio comprises

2 Studios 32 square meters each
2 One bedroom Flats 40 square meters and 30 square meters respectively
1 Two bedroom Flat 60 square meters
1 Three bedroom split level flat 74 square meters
1 Three bedroom Bungalow 74 square meters

Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property‘s prime location.

Call for additional details

"