Location
The property is situated in a prominent location on the busy London Road in West Croydon which offers a variety of national and local occupiers including restaurants, bars, retail services and offices.
The property is within easy walking distance of West Croydon Railway Station and is also well served by local bus and tram services.
Description/Accommodation
An opportunity to acquire a freehold property. The property is arranged over ground floor and basement currently fitted out and used as offices.
There are three flats above which are sold off on long on 125 year leases from 24th June 2007. The ground rents are £100 per annum per flat.
Approximate net internal areas
Ground Floor
84.92 sq m - 914 sq ft
Kitchen
2.61 sq m - 28 sq ft
Total
87.53 sq m - 942 sq ft
Basement
48.71 sq m - 524 sq ft
Total
136.24 sq m - 1466 sq ft
Terms
The property is available to purchase freehold with vacant possession in the sum of £525,000 plus VAT (if applicable), subject to contract.
Alternatively the property could be available to Lease on a new effective full repairing and insuring Lease at a rent of £38,000 per annum exclusive, pus VAT (if applicable, subject to contract.
Business Rates
According to the Government website the property has a Rateable Value of £16,250. The UBR for 2024/25 is 49.9p in the £.
Legal costs
Each Party to pay their own legal costs incurred in this transaction.
Energy Performance Certificate
The Energy Performance Rating is D (84). More information available upon request.
Benefits include
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
Nick Payne
Email: nickp@gpcommercial.co.uk
David Sutton
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
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