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