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Location
The property is located on the north side of Selsdon Road within a parade of similar units. Selsdon Road is approximately half mile south of Croydon Town Centre, just off the main A235 (Brighton Road). South Croydon train station is within a short walking distance of the property.
Accommodation
1c Selsdon Road: Let to William Hill on an effective full repairing and insuring lease for a term of 20 years from October 2009. The current rent is £23,000 per annum exclusive. There is a tenant break clause at the 10th year.
1b Selsdon Road: 93.92 sq m (1011 sq ft)
The property can be split to provide two units of approximately 46.96 sq m (500 sq ft).
Terms:
The properties are available either individually or as a whole. A 999 year lease is available for sale in respect of each property, subject to contract, as follows:
1b Selsdon Road: £235,000
1c Selsdon Road: £360,000
1b is available to let on a new lease for a term to be agreed at a rent of £18,000 per annum exclusive. Alternatively the property can be split to provide two units available at £10,000 per annum exclusive each.
VAT is not applicable.
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Energy Performance Certificate:
Awaiting Energy Performance Certificate.
Legal
Costs
Each party to bear their own legal costs.
Business Rates
According to the Government website 1b has the Rateable Value of £10,250 and 1c has a Rateable Value of £10,250. The current UBR for 2011/12 is 42.6p in the £.
Viewing
Strictly by appointment only with Joint Sole Agents Gildersleve and Payne.
Contact Nick Payne MRICS
Tel: 01883 723888 email info@gpcommercial.co.uk
OR Stuart Edwards Fullermoon Contact David Rundle
Tel: 0208 688 8313 Fax: 0208 688 7121
Email: davidr@stuart-edwards.com
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 |
