RETAIL INVESTMENT

FOR SALE

  • Retail Investment For Sale
  • Ground floor retail/showroom with office and storage to the rear
  • Fully let
2 Woodbridge, Smallfield

159 Shirley Road, Croydon, Surrey, CR0 8SS

 

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Location:
The property occupies a prominent position on Shirley Road (A215) close to the junction with the A32 which is a main arterial route into and out of Croydon.

Description/Accommodation:

The accommodation comprises a ground floor retail/showroom accommodation with office and storage to the rear.  There are two car parking spaces available to the rear of the property together with some external storage

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Ground Floor Retail

99.68 sq m

1073 sq ft

Storage

9.10 sq m

98 sq ft

Total

108.78 sq m

1171 sq ft

Use:
Class E (Commercial Business and Service).

Tenancy Details:
The shop is let on an under lease dated 22nd March 2020 to Dream Doors (Franchise) at a current rent of £16,500 per annum exclusive.

Tenure:
999 year lease for the ground floor from 1982 with 960 years unexpired at a Peppercorn rent.  

Terms:
£275,000, Subject to Contract  plus VAT (if applicable) and subject to the Tenancy detailed above.

Business Rates:                                                                         
According to the Government Website the current Rateable Value of the property is £14,750 .  The UBR for 2021/22 is 49.1p in the £. NB: 

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

Energy Performance Certificate:
The Energy Rating for this property is 71 (C)

Viewing
For further information, or to arrange an inspection please contact Sole Agents Gildersleve & Payne
Tel 020 8686 4400         
Contact:  Nick Payne MRICS
Email: nickp@gpcommercial.co.uk
David Sutton BA (Hons)
Email: davids@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

110 HIGH STREET, CROYDON, SURREY, CRO 1ND

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