Location
The properties occupy a prime position fronting the main A232 which is a busy road linking the Purley Way in Croydon and Wallington as well as Beddington.
Description/Accommodation
The property comprises a triple fronted retail unit currently let to Lafford Chemists Limited.
The Parade at Plough Lane is well used and comprises a mix of local retailers including a convenience store, barber shop, micro pub and others.
Tenancy Details
The ground floor is currently let on a full repairing and insuring Lease for a term of 15 years from December 2018 to Lafford Chemists Limited at a current rent of £26,575 per annum.
The residential element of the property is sold off by way of a long lease with ground rent being paid of £200 per annum rising to £400 per annum in 2042.
Approximate net internal areas
Ground Floor
119.58 sq m - 1287 sq ft
Terms
The properties 7 - 8 The Broadway are owned freehold and the property 6 The Broadway is owned by way of a long leasehold with approximately 120 years unexpired. These interests are for sale and offers are sought in the region of £375,000 plus VAT (if applicable) subject to contract.
Business Rates
According to the Government website the property has a Rateable Value of £21,500. The current UBR for 2024/5 is 49.9p in the £.
Legal costs
Each Party to pay their own legal costs.
Energy Performance Certificate
EPC rating: D
Full information upon request.
Benefits include
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
David Sutton
Email: davids@gpcommercial.co.uk
Nick Payne
Email: nickp@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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