Croydon: 020 8686 4400
For Sale

Maple Road, Penge, 188-190 Maple Road, Penge, SE20 8HT


The property is situated in Maple Road, close to the junction with High Street, Penge.



The property comprises a three storey brick built semi-detached property comprising a double fronted ground floor retail unit with self contained residential upper parts.

The ground floor retail area operates as a Butchers/Grocery Retail Outlet with the following approximate net internal floor areas.

Maple Court comprises ten residential flats which have been sold off on long leases, six of which are produce ground rents at £300 per annum ie a total of £1,800 per annum.

Approximate net internal areas

Retail Sales

92.25 sq m - 993sq ft


19.93 sq m - 215 sq ft


112.18 sq m - 1,208 sq ft

Tenancy Details

The ground floor is let to Yasir Mohiuddin and Fahad Abbas on a new effective full repairing and insuring lease for a term of 15 years from 1st December 2017 (an extension of their current tenancy) at £24,500 per annum exclusive, subject to rent reviews at the 5th and 10th years.



The freehold interest subject to the lease of the ground floor and long leases above.



£350,000 plus VAT (if applicable), Subject to Contract.


Business Rates

According to the Government website the property has a Rateable Value of £19,750  The UBR for 2023/24 is 49.9p in the £.  The residential flats are Tax Band B.


Legal costs

Each Party to bear their own legal costs incurred in the transaction.


Energy Performance Certificate

Awaiting Energy Performance Certificate

Benefits include

  • Well situated in Maple Road, Penge close to the junction with the High Street
  • Ground rent income from residential flats

Email an enquiry


More informationArrange an inspection

Strictly by appointment with Sole Agents

Gildersleve & Payne: 01883 723888

Nick Payne


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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