Croydon: 020 8686 4400
For Sale

196 Lower Addiscombe Road, 196 Lower Addiscombe Raod, Croydon, CR0 7AA


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

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



The property comprises a ground floor retail unit with residential accommodation above.


The residential upper parts comprise a 2 x 2 bedroom flats with self contained access.

Approximate net internal areas

Ground Floor

135.76sq m - 1461 sq ft

Tenancy Details

Ground floor:

Let to Paddy Power on a 10 year lease from 11th October 2020 on an effective full repairing and insuring basis at a rent of £26,000 per annum.  There is a Tenant break clause effective at 23rd June 2025.


Both flats have been sold off on 999 year leases and produce a Ground Rent of £100 per annum per flat.



The Freehold interest is available for sale subject to the Tenancies above.



Offers in the region of £300,000 subject to contact plus VAT (if applicable).


Business Rates

According to the Government website the property has the following Rateable Values

196:    £21,250pa  (The UBR for 2019/20 is 49.1p in the £.)
196a:  The residential Flat is Tax Band C. (First floor)
196b:  The residential Flat is Tax Band B. (Second floor)


Legal costs

Each party to be responsible for their own legal costs incurred in this transaction


Energy Performance Certificate

Energy Rating:  C (74).  Full information available upon request.


Benefits include


Email an enquiry


More informationArrange an inspection

Strictly by appointment with Sole Agents

Gildersleve & Payne: 01883 723888

Nick Payne


David Sutton


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

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