Commercial property for sale in Croydon CR9
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Property features
- A prominent industrial site (B2 and B8) amounting to 0.23 acres split across two parts
- Part A is let on a new fr&I lease for 5 years commencing on 28/06/24 at a rent of £40,000 p.a.
- Part A comprises an mot Centre (1,653 sq ft), with the benefit of open yard used as car storage of (3,724 sq ft.)
- Part B is let on a new fr&I lease for 5 years with mutual option to break at any time (2 months notice), with a passing rent of £8,000 p.a.
- Part B currently comprises split level office across ground (1,808 sq ft) & 1st (408 sq ft) floors.
- Part B has a positive pre-app for a residential re development of 5 x three bedroom houses.
Property description
Strapline
Auction Sale - 23/07/2024
Of interest to investors, car dealerships and developers.
A freehold site amounting to 0.23 acres of a site with a positive pre application for part conversion of the site into 5 x three bedroom houses.
Total income at £48,000 p.a.
Description
Property extends 0.23-acres (926sqm), 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 the site for over 45-years.
Total income is £48,000 p.a. However 2 separate leases are granted. Part A produces £40,000 p.a. And is straight 5 year term. Part B is let for £8,000 p.a. And offers a break provision at anytime with 2 months written notice required.
Part B benefits from residential development potential with a positive pre-app for 5 x 3 bedroom houses. The break allows a buyer to redevelop on grant of pp.
Location
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. 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 is an approx. 0.2 miles from the property providing direct trains to London Bridge in under 20 minutes.
Property is situated on corner of Montague Road and Parsons Mead and is just a 7 minute walk to West Croydon station, providing direct links into London Bridge (under 20 minutes). Site offers valuable open storage with a mix of office and workshop accommodation.
Transport
West Croydon Train Station - London Overground and Southern Rail
Tenancy
Please refer to Accommodation and Tenancy schedule
Accommodation
Please refer to Accommodation and Tenancy schedule
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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