Montello Apartments, 23 South Park Hill Road, South Croydon | Property for sale | Savills
Offers in the region of £3,950,000

Montello Apartments23 South Park Hill Road, South Croydon

  • New
  • Sole agency
  • Freehold
Residential investment

Key features

  • Unbroken Freehold
  • 12 Residential Apartments & Parking
  • Excellent Connectivity
  • Strong Underlying Investment Fundamentals

Savills OCM are pleased to offer to the market for sale, Montello Apartments, a stabilised residential investment block.

About this property

  • 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%.

Energy performance

B-C