FREEHOLD INVESTMENT

FOR SALE

  • Investment
  • Ground floor currently let on FRI Lease
  • Upper parts currently vacant

101 CHURCH STREET, CROYDON, SURREY, CR0 1RN

 

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Location:
The property is situated fronting Church Street in Croydon, just south of Surrey Street Market. Nearby retailers include McDonald’s, Lidl and Argos plus a number of specialist and local traders. 

Church Street benefits from good pedestrian flow and is also on a tram route thus ensuring a high degree of visibility. The surrounding area is a densely populated residential area with new residential developments close by.

Description/Accommodation:
The accommodation comprises a good size, open plan ground floor retail unit with basement storage and wc facilities.   The upper parts are currently presented as a newly refurbished three bedroom split level maisonette which is accessed by both a street level door and a staircase from the rear courtyard.

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Retail/Sales 64.02 sq m 689 sq ft
Basement 34.33 sq m 370 sq ft
Total 98.35 sq m 1059 sq ft

 

Tenancies:                                                                                                                   
The ground floor commercial element is currently let  on a FRI Lease at a rent of £24,500 per annum for a term of 5 years from May 2019.

The residential upper parts are currently vacant.     

Terms:                                                                                                              
The property is available for sale subject to the tenancies listed and offers are being sought in the region of £685,000, Subject to Contract and  VAT (if applicable)

Business Rates:                                                                                   
According to the Government website the property has a Rateable Value of £7,400. The UBR for 2021/22 is 49.9p in the £.

Legal costs:                                                                                                  
Each party to be responsible for their own legal costs.

Energy Performance Certificate:                                                               
Full information available upon request.

Viewing                                                                                             
Strictly by appointment with Sole Agents
Gildersleve & Payne Contact Nick Payne MRICS or David Sutton BA (Hons)                            Tel: 0208 686 4400   Email info@gpcommercial.co.uk    

Property Misdescriptions Act 1991 Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose

Code of Practice Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk

2 Woodbridge, Smallfield

110 HIGH STREET, CROYDON, SURREY, CRO 1ND

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