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Express Interest in this Property

McColl’s, New Addington, Greater London

Wayside, Field Way, New Addington, Croydon CR0 9DX, UK

Basic Facts

Property ID: 10639 Post Updated: 2020-11-07 15:35:28
Status: Type:
Tenure: Freehold Area: 3543 sq ft
Gross Rent: £ 47,037 Lease Term: 20 yrs from Oct '09
Lease Term Expiry Date: 14/07/30 Years left on Lease: 6.3
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

Features

£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Lease term: 10 - 15 years
Minimum Rental Uplifts
Suitable for a SIPP

Tenancy & Accommodation Schedule

View on Map

Current Opportunities

Current Opportunity

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