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Express Interest in this Property

McColl’s, New Addington, Greater London



Guide Price: £ 650,000
7 & 9 Wayside, New Addington, Surrey, CR0 9DX

Basic Facts

Status: Type: Tenure: Freehold Area: 3543 sq ft
Gross Rent: £ 47,037 Gross Yield %: 7.2 Lease Term: 20 yrs from Oct '09
Years left on Lease: 10.3 VAT applicable: Yes

Property Description

  • Freehold Blue-Chip Convenience Store Investment in London
  • Two commercial units let on coterminous leases comprising a single storey ground floor unit trading as a convenience store and an unoccupied ground floor shop that formerly traded as a bookmaker

Location Description

  • New Addington is a densely populated suburb located some 5 miles south-east of Croydon town centre and some 6 miles south-west of Bromley
  • The town has good road communications being located between the A233 and A2022
  • The area benefits from a Tramlink service, linking Croydon, Beckenham and Wimbledon
  • The property is situated in Fieldway, to the east of Lodge Lane, and forms part of a local parade of shops serving the local community
  • Occupiers close by include a pharmacy, a local public house and a number of other local traders

Additional Notes

  • The property is held Freehold of whole, with shops 7 & 9 then held on a Virtual Freehold lease of 999 years (less 5 days) from 14.10.09 at a peppercorn rent.
  • Therefore the residential upper parts do not form part of this sale

Tenancy & Accommodation Schedule

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