Auction House UK · 21 Oct 2026 · in 2 days
Freehold Commercial Investment Property with Driveway and Large Rear Garden - Producing Approximately £74,750 pa exclusive
Freehold Russell Hill Road, Purley, Croydon, CR8 2LD · London
LiveOfficeLet
- Guide
- £1,000,000
- Rent a year
- £74,750
- Yield on the guide
- 7.5%
- Payback
- 13 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- D
- Size
- 2,833 sq ft£26.39 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
D as stated in the lot details. Check the certificate in the legal pack. Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Auction House UK's record
Auction House UK's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Office lot in Croydon. Producing £74,750 a year, a 7.5% gross yield at the guide.
Lot 13, Commercial Property. Freehold Commercial Investment Property with Driveway and Large Rear Garden - Producing Approximately £74,750 pa exclusive: A unique opportunity to purchase this two-storey detached commercial investment property, with future development potential - subject to necessary planning consents. The property is configured into various rooms comprising classrooms, managers office, w/c facilities, kitchen and conservatory. The property also benefits from a large rear garden and sizeable front driveway. The Auctioneers have not been able to inspect the property, therefore, are unable to confirm the condition or layout of Russell Hill Road, Purley. Situation Situated on the eastern side of Russell Hill Road, within the London Borough of Croydon. Purley town centre and Purley Railway Station are approximately 500 metres south, with Purley town providing various amenities including national and local retailers and restaurateurs. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY. Lot Type: Commercial Investment. Accommodation: Ground Floor 164.76 sqm / 1,773 sq ft First Floor 98.47 sqm / 1,060 sq ft Total Approximate Floor Area – 263.23 sqm / 2,833 sq ft. Tenancy: Let to a private individual on a full repairing and insuring lease for a term of 15 years from and including 1 November 2024. The current passing rent is £74,750 per annum exclusive. Rent reviews are dated 1 November 2027 and every third anniversary of that date. Rateable Value - To be assessed Council Tax - Band G EPC Rating - D
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.