Woodman gives buyer a cut of future housing market
Pretty, country-style pubs are thin on the ground in suburban London, so it’s not surprising that an investor has fallen for the charms of South Croydon’s Woodman pub.
With its traditional part-tiled façade, rear trade garden and proximity to South Croydon railway station, the attractive two-storey property has plenty to offer its new owner, who plans to convert it into residential accommodation.
“This little pub is in a mainly residential area and is a property with potential,” says Panayiotis Themistocli of licensed leisure specialists AG&G, who marketed the Woodman.
“It should make an appealing housing development, subject to planning permission – and provide an equally pleasing return on investment.”
The freehold property has a ground floor trading area and basement with four-bed residential accommodation above. The total internal floor area is around 198 square metres (2,130 square feet). It was sold off an asking price of £295,000.