Prominent town centre location close to the Centrale Shopping Centre and Whitgift Shopping Centre
Nearby occupiers include Argos, McDonald's, Poundstretcher, Bon Marché and Lidl
Six Week Completion Available
Lot 48
Auction 26th May 2011
Rent £29,900 per Annum Exclusive
Status Sold
Price £325,000
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 on the eastern side of Church Street close to its junction with Old Palace Road. Nearby occupiers include Argos, McDonald's, Poundstretcher, Bon Marché, Lidl and Shoe Zone. 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
The property is situated within Croydon town centre on the eastern side of Church Street close to its junction with Old Palace Road. Nearby occupiers include Argos, McDonald's, Poundstretcher, Bon Marché, Lidl and Shoe Zone. 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.
Description
The property comprises a first floor kickboxing school, dance studio and ancillary sports, massage and beauty treatment rooms above the Lidl supermarket and accessed via Frith Road.
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 first floor kickboxing school, dance studio and ancillary sports, massage and beauty treatment rooms above the Lidl supermarket and accessed via Frith Road.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 01/10/2010 until 30/09/2020 on a full repairing and insuring lease
£29,900 (2)
01/10/2015 (3)
Totals
492.40 sq m
(5,300 sq ft)
£29,900 (2)
(1) The Croydon Academy Limited is a martial arts school offering the widest range of martial arts disciplines in one place, award winning children's programmes and Britain's most comprehensive Certified Instructors Training programme. (Source: www.croydonmartialart.com 21/04/2011) (2) The rent is to be reviewed in line with the Retail Price Index (RPI) on an upwards only basis. (3) Under the terms of the lease, both the tenant and landlord have an option to determine the lease on the fifth anniversary of the term, subject to 12 months' written notice.
Contacts
Seller's Solicitors
Forsters LLP 31 Hill Street London W1J 5LS +44 (0)20 7486 8511
