Location
Savills OCM are pleased to offer to the market for sale, Montello Apartments, a stabilised residential investment block.
Investment Highlights:
- Unbroken Freehold: Attractive income producing, freehold asset.
- 12 Residential Apartments & Parking: Extending to 7,672 sq ft (NSA), fully let on AST’s producing an annual rent equivalent to £235,800 (ERV £247,200 pa).
- Excellent Connectivity: Situated c. 150m from South Croydon Station, providing direct access into London Bridge within 20-minutes.
- Strong Underlying Investment Fundamentals: One and two bedroom rents in Croydon have grown by c. 40% over the last 5 years (7% CAGR), whilst rental listings have decreased by c. 35%.
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