Industrial for sale in Croydon CR9

Key Points

Description

Property extends 0.23-acres, offering a mix of accommodation divided as follows; open storage (6,997sqft), warehouse (2,680sqft) and office space (1,086sqft).

Site is split into two parts (Part A & B), which has been clearly labelled on the cover image.
Both parts are occupied by the same tenant (W.Shirley and Sons Ltd) who have occupied for over 45-years.

The total income is £48,000pax, however two separate leases are granted. Part A produces £40,000pax and is a straight 5-year term.
Part B is let for £8,000pax and offers a break provision at anytime with two months written notice required.

Part B benefits from residential development potential with a positive pre-app for 5 x 3-bed houses. The break allows a buyer to redevelop on grant of pp.

Location

Property is situated prominently along Parsons Mead on the corner with Montague Road.
Site located next to the A23 providing excellent road links from the M25 and into Central London (under 10- miles). West Croydon train station (London overground & Southern Rail) also a short walk (0.2- miles) providing direct trains to London Bridge in under 20-minutes.
The unit is on the outskirts of Beddington Industrial Estate occupied by a range of local and national occupiers. There is also a dense residential population locally, which will appeal to distribution and trade counter businesses.

Indicative study for residential scheme within Part b’s red boundary line