Summary - 1 Ye Market, Selsdon Road CR2 6PW
1 bed 1 bath Commercial Property
**Standout Features:**
- FREEHOLD commercial property with residential potential
- Upper flat of 972 sqft; shop space of 550 sqft
- Close proximity to South Croydon
- Lapsed planning permission for conversion into two flats (2 x 1 bed)
- Estimated rental income potential: Shop - £15,000-£20,000/year; Flats - £1,250-£1,300/month each
- Sold with vacant possession
This unique commercial property at 3 Ye Market offers a remarkable opportunity for savvy investors or prospective landlords looking to capitalize on South Croydon's growing market. With substantial upper spaces ripe for renovation, the property provides a sizable 972 sqft flat that could be reconfigured into two cozy one-bedroom units, increasing rental income possibilities. Current estimated potential earnings total around £50,000 annually, post-renovation.
While the planning permission for conversion has lapsed, the current owners are actively renewing it, leaving a path open for future residential development. However, it’s essential to note that the property will need some attention to bring it to modern standards, and any future renovations will require planning approvals.
Location-wise, this end-terrace Tudor Revival property is positioned close to a bustling array of amenities, making it an attractive option for potential tenants. The area is renowned for its excellent transport links, making commuting a breeze. Set against the backdrop of a vibrant community atmosphere, this property blends commercial and residential potential, making it a compelling prospect for investment. Don’t miss out on this opportunity—a rare mix of commercial space and residential conversion potential in a high-demand area.
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