Wrenwood Court 38 Hermitage Road, Croydon, Surrey, CR8 5EB

• For sale - freehold residential development and ground rent investment opportunity.

• The site exists as a block of 11x ''sold-off'' flats with their associated car parking and communal gardens, producing £4,200 ground rent income per annum.

• Planning permission was granted on 19th August 2020 for 'The erection of two/four storey side extension and two storey rear extension to provide 8x apartments. Reconfiguration of parking forecourt to provide 4x additional spaces and relocation and enlargement of bin store.'

• Located 0.5 miles south of Kenley Railway Station.

• Offers are invited in excess of £1,000,000 for the freehold interest, subject to the existing long-leasehold tenancies and subject to contract.