The property comprises a mid to end terrace of three buildings arranged over ground, first and part second floors. To the rear of the site is a single-storey warehouse, accessed from Neville Road. Externally, there is limited parking to the front of the property but there is a small area of hardstanding to the rear of No. 77 which provides space for parking for approximately 6 cars.
The property is let to one tenant under three separate leases, commencting 18 October 2019. The leases are contracted outside of the Landlord & Tenant Act 1954.
( Agency Pilot Software ref: 8602 )
Location
The property is located on the junction of Gloucester Road and Neville Road, Croydon. The immediate area is typified by a mix of industrial and residential properties.
The property is located 0.8 miles north of East Croydon Railway Station and 0.6 miles south of Selhurst Railway Station, providing services to London and the South East. The property lies within the administrative area of the London Borough of Croydon. The property is located in both an Employment
(Policy SP3) and Integrated Industrial Location (Policy DM9).
Accommodation
Ground 5,306 sq ft (493sq m )
First 1,744sq ft *( 162sq m )
Second 1,033 sq ft (96sq m )
TOTAL 8,084 sq ft (751sq m )
Terms
TENURE
The property is held freehold under title numbers SGL542107, SGL542673, SY240190 and SGL210877.
VAT
We understand the property is not elected for VAT.
LEGAL COSTS
Each party to be responsible for their own legal costs.
RATEABLE VALUE
The property has a rateable value of £38,750 and £38,500.
PRICE
Offers are invited in the region of £1,600,000, subject to the existing lease.
ANTI-MONEY LAUNDERING
Upon agreement of Heads of Terms, a mandatory Purchaser KYC documentation request will be made.
Specification
- Mid to end terrace property arranged over ground, first and part second floors.
- Located on the junction of Gloucester Road and Neville Road, Croydon.
- Let to one tenant under leases expiring October 2025.
- Passing rent £80,000 per annum.
- Development potential subject to planning permission.
- Offers are invited in excess of £1,600,000 for the freehold interest