*Guide | £350,000+ (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. The property is held on a 250 year lease from 2019 at a peppercorn ground rent.
Call the team on 020 7625 9007 for more information
A Ground Floor Commercial Unit Subject to a Lease Producing £43,915 Per Annum
The property comprises a ground floor commercial unit situated within a new development of over 500 apartments and amenities.
Tenure
Leasehold. The property is held on a 250 year lease from 2019 at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Queen's Gardens are within easy reach. Transport links are provided by West Croydon overground station and East Croydon rail station.
Accommodation
Ground Floor Commercial Unit G.I.A Approximately 1,884 sq ft
Tenancy
The property is let to Mulberries and Willows Nursery and Preschool Ltd for a term of 10 years commencing 6th January 2023 at a rent of £43,915 per annum. Rent review due 2027. 4-yearly RPI index linked reviews, subject to a cap of 4% and minimum of 1% in each year. Rent to be topped up to 2027 review figure. The tenant has given a personal guarentee on the lease. Link to tenants website: https://mulberriesandwillows.co.uk
VAT is applicable
Energy Efficiency Rating (EPC)
Current Rating A
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
