FOR SALE FREEHOLD

SHOP AND  UPPER PARTS

(A1, A2, A3, B1 Use)

Requiring Refurbishment with Development

Potential (STP)

Location
The property forms part of a mixed retail parade situated on the East side of the main A235 London Road, half a mile to the north of West Croydon’s Railway Station.

Description
The property comprises ground floor retail accommodation together with a basement and residential upper parts  The ground floor and basement has Planning Consent (App No: 09/01779/P, 09/00682/P, 02/02826/P) for a mix of A1/A2/A3 and B1 Uses.

The approximate net internal areas are as follows:

The residential upper parts are arranged over two floors.  The first floor comprises a kitchen and 4 rooms.  The second floor comprises a kitchen, wc and 3 rooms.  Currently access to the upper parts is from the ground floor but has the potential for being self-contained.

The entire property requires refurbishment and has considerable potential particularly with regard to the upper parts where, subject to planning, there is the potential to convert to individual flats.  Upon completion of the works, the ERV  is expected to be in the region of £75,000 per annum.

Terms
The property is available freehold  at a price in excess of £650,000, subject to contract.

Energy Performance Certificate:
Awaiting Energy Performance Certificate.

Legal Costs
Each party is to be responsible for their own costs incurred in this transaction.

Business Rates
According to the Government website the property has a Rateable Value of £8,000. The UBR for 2011/12 is 42.6p in the £.  

Viewing
Strictly by appointment only with Sole Agents Gildersleve and Payne. Contact Nick Payne MRICS
Tel: 01883 723888 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