Freehold Retail Investment with Development Potential
Entirely let to Leaders Estate Agents on two leases
Change of use potential of self contained and separately accessed upper floors (subject to consents)
Asset management opportunities
Approx. 224.10 sq m (2,410 sq ft)
Prominent position on corner of High Street and Lower Coombe Road
VAT free investment
Lot 2
Auction 10th July 2025
Rent £40,500 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles south of Central London
Roads
A232, A23,
Rail
South Croydon, East Croydon, West Croydon, Waddon
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is prominently located on the corner of High Street and Lower Coombe Road with South Croydon and East Croydon Railway Station's being located close by. The property is situated in a busy position amongst an eclectic mix of retailers and restaurants as well as densely populated residential homes.
Tenure
Freehold.
Location
Miles
9 miles south of Central London
Roads
A232, A23,
Rail
South Croydon, East Croydon, West Croydon, Waddon
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is prominently located on the corner of High Street and Lower Coombe Road with South Croydon and East Croydon Railway Station's being located close by. The property is situated in a busy position amongst an eclectic mix of retailers and restaurants as well as densely populated residential homes.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with separately accessed and self contained office accommodation on the first and second floors.
The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with Croydon Council. (www.croydon.gov.uk) (Phone: 020 8726 6800)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop together with separately accessed and self contained office accommodation on the first and second floors.
The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with Croydon Council. (www.croydon.gov.uk) (Phone: 020 8726 6800)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
79.40
(854)
LEADERS LIMITED
5 years from 01/08/2020
£18,500
First Second
Office Office
75.70 69.00
(814) (742)
LEADERS LIMITED
5 years from 01/08/2020
£22,000
Total
224.10
(2,410)
£40,500
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
