FREEHOLD SHOP INVESTMENT

FOR SALE

  • For sale freehold subject to the existing tenancies
  • The residential flat has been sold off on a lease

291 LOWER ADDISCOMBE ROAD, CROYDON, SURREY, CR0 6RE

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Location:

The property is situated on the south side of Lower Addiscombe Road within easy walking distance of the Addiscombe Tramlink.   This is a busy thoroughfare with good public transport facilities and short term metered parking  available immediately outside the property.

The parade consists of a number of multiple and independent retailers that include Sainsburys Local, Boots and Greggs.

Description/Accommodation:     

The accommodation consists of a good sized open plan retail unit with plant room/ancillary area to the rear.     

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

RETAIL/SALES47.66 sq m513 sq ft
PLANT ROOM /ANCILLARY25.93 sq m279 sq ft
TOTAL73.59 sq m792 sq ft

Terms:                                                                                                   
The freehold interest is available for sale subject to the existing Tenancies in the sum of £195,000 plus VAT (if applicable), Subject to Contract.

Existing Tenancies:
The ground floor is subject to a lease of 21 years from 31st January 2008 at a current rent of £12,000 per annum exclusive.  There are rent reviews every four years.

The residential flat has been sold off on a long lease producing a ground rent of £tbc.

Business Rates:                                                                         
According to the Government website the property has a Rateable Value of £12,500.  The UBR for 2019/20 is 49.1p in the £.  The first floor is Council Tax Band C.

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

Energy Performance Certificate:                                                      
Full information available upon request.

Viewing
For further information, or to arrange an inspection please contact Sole Agents Gildersleve & Payne
Tel 0208 686 4400
Nick Payne MRICS    Email: nickp@gpcommercial.co.uk
Or 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

1-3 Station Approach, Carshalton

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