Cullesden Road, Kenley

£750,000

Guide price

CASH BUYERS ONLY - FREEHOLD INVESTMENT OPPORTUNITY 5 X FLATS

Frost Estate Agents are delighted to offer this Freehold investment comprising of 5 self contained one bedroom / studio flats. Currently all 5 are rented, generating an income circa £46,500 per year (5%), there is considerable further expansion potential so ideal for future development.

Ground Floor 1 x 1 Bed with reception, kitchenette, shower room. AST Rental Agreement.

Ground Floor Annex/Cottage 1 x 1 Bed with reception, kitchenette, shower room. Tenant in situ since 1985 Falling under the 1977 Rent Act.

First Floor 2 x Studios with kitchen areas & shower room. AST Rental Agreements.

Top Floor 1 x 1 Bed with reception, kitchen & bathroom. AST Rental Agreement.

Front - Ample Parking For Numerous Cars

Rear - Large Gardens With Brick Built Out House To Rear

Heating System - One communal Boiler (heating currently included in the rents).

Electrical - Individual pay meters, EICR's & updated electrical installations carried out 2021.

Council Tax - 5 x individual.

Valid EPC's available on request.

From Kenley Station you can take your pick from Victoria or London Bridge as destinations – all around 35 minutes' travel time. Purley Station which is also within access additionally has the Thameslink Route provides access to Farringdon and City. Road links are excellent too, with the A23 a matter of minutes away, providing fast, easy access to London, the South Coast and the M25.

Kenley is a beautiful part of South London, leafy green in nature with a seamless relaxed environment feel and an abundance of protected trees throughout the area. Kenley Common comprises 138 acres of green open space surrounding the former Battle of Britain airfield. It is a mixture of chalk grassland and ancient woodland set among gently rolling hills. Blessed with fine views across the Caterham valley and the North Downs beyond, visitors find it hard to believe that the centre of London is only 14 miles to the north.