68-74 Church Street Croydon Greater London CRO 1RB

68-74 Church Street
Croydon
Greater London
CRO 1RB

Freehold Leisure Investment

Entirely let to FX Power Ltd on a 10 year lease until 2020
Town centre location close to Centrale Shopping Centre and Whitgift Shopping Centre
Fixed annual rental increases
Nearby occupiers include Dreams, Argos, McDonald's and Lidl
Six Week Completion Available
Please note that the adjoining property is to be offered as Lot 7 in the catalogue
Rent rises annually to £40,000 in 2019

Lot
18
Auction
7th April 2011
Rent
£31,000 per Annum Exclusive
Status
Sold
Price
£347,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Leisure Investment

Entirely let to FX Power Ltd on a 10 year lease until 2020
Town centre location close to Centrale Shopping Centre and Whitgift Shopping Centre
Fixed annual rental increases
Nearby occupiers include Dreams, Argos, McDonald's and Lidl
Six Week Completion Available
Please note that the adjoining property is to be offered as Lot 7 in the catalogue
Rent rises annually to £40,000 in 2019

Lot 18
Auction 7th April 2011
Rent £31,000 per Annum Exclusive
Status Sold
Price £347,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 11 miles south of Central London
Roads: A23, A232, M25 (Junction 7)
Rail: East Croydon Railway Station, Church Street Tram Stop
Air: Gatwick Airport, Heathrow Airport

Situation

The property is situated within Croydon town centre to the east of Church Street, and is accessed via Tamworth Place. Nearby occupiers include Dreams, Argos, McDonald's and Lidl. Centrale Shopping Centre and Whitgift Shopping Centre are also in close proximity and house retailers including House of Fraser, Debenhams, Zara and Next.

Tenure

Freehold.

Location

Miles: 11 miles south of Central London
Roads: A23, A232, M25 (Junction 7)
Rail: East Croydon Railway Station, Church Street Tram Stop
Air: Gatwick Airport, Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a self-contained ground floor health and fitness club.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a self-contained ground floor health and fitness club.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Fitness Club	472.78 sq m	(5,089 sq ft)	FX FITNESS LTD (1) (t/a Muscle FX Power & Fitness Studio)	10 years from 23/09/2010 until 22/09/2020 on a full repairing and insuring lease	£31,000	23/09/2011 and annually thereafter (2) (3)
Totals		472.78 sq m	(5,089 sq ft)			£31,000

(1) FX Fitness Limited have been in occupation of the property for approximately 11 years.
(2) The lease provides for annual rental increases of £1,000 per annum rising to a rent of £40,000 per annum in 2019.
(3) The lease provides for a tenant’s option to determine the lease on the eighth anniversary of the term, subject to 12 months’ written notice.