Summary - Lower Addiscombe Road, Croydon CR0 7AE
1 bed 1 bath Land
### Standout Features:
- **Freehold Building** with dual commercial units.
- **Current Tenants:** One unit generating £35,000 rent per annum and a supermarket with earnings of approximately £30,000 per week.
- **Development Potential:** Opportunity to add upper floors (subject to planning permission).
- **Prime Location:** High visibility on Lower Addiscombe Road, ideal for foot traffic.
- **Current Condition:** Mid-20th century structure with strong brick construction.
### Summary:
Discover a golden investment opportunity with this substantial freehold building on Lower Addiscombe Road, Croydon. Comprising two commercial units—a tenant currently generating £35,000 in annual rental income and a thriving supermarket with about £30,000 in weekly turnover—this property promises immediate financial return. Beyond its current success, there lies significant potential for growth; with planning permission, the incoming owner might add additional residential or commercial units, maximizing income opportunities in this bustling urban hot spot.
The property features a traditional brick facade, ensuring a familiar appeal amidst Croydon's vibrant landscape. Covering approximately 888 square feet, the layout supports a functional dual-use commercial space, ideal for businesses looking to make their mark. Located in an area brimming with amenities and a steady flow of potential customers, this property is not just a space but a strategic investment with room for innovation. Act quickly to explore a future filled with possibilities in this affluently situated locale—opportunities like this don't last long!
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