FREEHOLD RETAIL INVESTMENT
- Located on Church Street with good pedestrian flow
- Three storey mid terrace brick built property
- Existing tenancies
65 CHURCH STREET, CROYDON, SURREY, CR0 1RH
The property is situated on the south side of Church Street which runs west from North End Croydon and is therefore close to all major facilities in Croydon which include the Whitgift Centre and Centrale. Major multiple retailers are represented close by and these include Lidl, Argos and McDonalds.
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.
Croydon is situated approximately 10 miles south of Central London and 8 miles to the north of junction 7 of the M25. Road communications are good with the A232 providing access to Junction 4 of the M25 approximately 12 miles to the east. The A23 provides access to Central London to the North and Junction 7 of the M25 to the South.
The property comprises a mid terrace three storey brick built property with a part pitched and part flat roof. The property is arranged to provide a ground floor retail unit with a self contained maisonette arranged over the first and second floors.
The unit is currently trading as a fast food restaurant with ancillary accommodation to the rear. The ground floor retail unit benefits from VAV Air Conditioning and has customer and staff wc facilities. There is a yard to the rear served by an access road and there is car parking for approximately 3 cars.
The residential accommodation on first and second floors has its own shared entrance from Church Street via a stairwell and has four bedrooms, kitchen, bathroom and shower/wc.
THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS
|GROUND FLOOR (NIA)||192.74 sq m||2075 Sq ft|
|FIRST FLOOR (GIA)|
|Residential||60.45 sq m||651 sq ft|
|Second Floor||52.40 sq m||564 sq ft|
The property is occupied under a lease to Sanavil Star Limited for a term of 15 years from 25th September 2009, expiring 28th September 2024 at a current rent of £26,000 per annum with an upward only rent review on the 29th September 2019.
The freehold interest is available for sale subject to the Tenancy details as set out above at a price £725,000, plus VAT (if applicable) Subject to Contract.
According to the Government website the property has a Rateable Value of £30,000. The UBR for 2018/19 is 48.0p in the £.
Each party to be responsible for their own legal costs.
Energy Performance Certificate:
Full information is available upon request.
Strictly by appointment with Joint Sole Agents
Gildersleve & Payne
Contact Nick Payne MRICS or David Sutton BA (Hons)
Tel: 0208 686 4400 Email firstname.lastname@example.org
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