53/55 North End
Croydon
London
CR0 1TG

Freehold Retail Investment with Residential Development Potential

  • Prime pedestrianised retail position between The Centrale Centre and The Whitgift Centre
  • Ground and Basement let to Holland & Barrett Retail Limited until 2025
  • Residential development potential on upper floors (subject to consents)
  • Substantial Freehold comprising some 496.29 sq m (5,343 sq ft)
  • Neighbouring occupiers include Greggs, Three, Vodafone, Footlocker, Pandora and PoundWorld
  • Lot
    7
  • Auction
    05/May/2021
  • Rent
    £175,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 53/55 North End<br>Croydon<br>London<br>CR0 1TG
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles south of Central London
Roads
A212, A236, A23, M25 (Junction 7)
Rail
West Croydon Railway Station,
Centrale Tram Stop
Air
Gatwick Airport, Heathrow Airport
Situation

The property is prominently located in the heart of Croydon Town centre in a prime pedestrianised retail pitch, just north of the entrance to the Centrale Centre and opposite the entrance to The Whigift Centre. Neighbouring occupiers include Greggs, Three, Vodafone, Footlocker, Pandora and PoundWorld. A £5.25 billion regeneration of Croydon's town centre is currently underway. About a third of the new homes identified in the local plan are expected to be built in the town centre and the redevelopment of the Whitgift Centre is set to create a flagship retail destination (https://www.croydon.gov.uk/ 06/04/2021).

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement. The first, second and third floors, which are also included in the sale are vacant and are separately accessed from the rear of the property via Drummond Road. The upper floors benefit from residential development potential (subject to consents).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
Ground
Basement
Retail
Ancillary
155.68 sq m
99.57 sq m
(1,676 sq ft)
(1,072 sq ft)
HOLLAND &
BARRETT RETAIL
LIMITED (1)(2)
5 years from
08/05/2020
£175,00007/05/2025
First
Second
Third
Unused
Unused
Unused
82.20 sq m
72.52 sq m
86.32 sq m
(885 sq ft)
(781 sq ft)

(929 sq ft)
VACANT
POSSESSION
   
Total
496.29 sq m
(5,343 sq ft)
  £175,000 

(1) For the year ending 30th September 2020, Holland & Barrett reported a Turnover £413,639,000, a pre-tax profit of £5,749,000 and shreholder funds of £307,466,000 (Source: NorthRow 12/04/2021).
(2) Tenant has been in occupation since 2015.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.04.21
    File Size
    41 MB
    Login to View
  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    882 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Forsters LLP 31 Hill Street
London
W1J 5LS
Colin Brown 020 7863 8413colin.brown@forsters.co.uk  Andrew Crabbie 0207 863 8456andrew.crabbie@forsters.co.uk

Useful Links

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