Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
Selsdon is a popular an attractive south London Suburb 11 miles south of the City of London and 2 miles east of Purley. The property is situated within a well-established commercial parade on the north side of Addington Road close to its busy junction with Farley Road. Neighbouring occupiers include Domino's Pizza, Iceland foods, Aldi, Costa Coffee as well as a busy Sainsbury Supermarket.
Freehold.
Selsdon is a popular an attractive south London Suburb 11 miles south of the City of London and 2 miles east of Purley. The property is situated within a well-established commercial parade on the north side of Addington Road close to its busy junction with Farley Road. Neighbouring occupiers include Domino's Pizza, Iceland foods, Aldi, Costa Coffee as well as a busy Sainsbury Supermarket.
Freehold.
The property comprises a retail unit on the ground floor (front) and a self contained Office suite at the rear of the ground. On the upper two floors there are two 1-bedroom self contained flats. The flats are accessed from the front of the property. The Office is accessed from the rear service road which has been resurfaced and had terrace of residential units recently developed.
VAT is not applicable to this lot.
Commercial Parts = Band D. Flat A = Band C. Flat B = Band C.
The property comprises a retail unit on the ground floor (front) and a self contained Office suite at the rear of the ground. On the upper two floors there are two 1-bedroom self contained flats. The flats are accessed from the front of the property. The Office is accessed from the rear service road which has been resurfaced and had terrace of residential units recently developed.
VAT is not applicable to this lot.
Commercial Parts = Band D. Flat A = Band C. Flat B = Band C.
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant | Term | Rent p.a.x. | Reversion |
|---|---|---|---|---|---|---|---|
| Ground (Front) | Retail | 28.59 |
(307) |
OESTERHAUS REAL ESTATE LIMITED (CRN: 14960958) t/a Dexter's Lab | 5 years from 02/01/2024 | £5,000 |
1/01/2029 |
| Ground (Rear) | Office | 14.31 |
(154) |
EMPEROR ASSET MANAGEMENT LTD (CRN: 15204680) | 4 years from 01/01/2024. The lease is outside the Security of Tenure provisions of the L&T Act 1954. | £10,000 |
31/12/2027 |
| First Floor - Flat A | 1 bed flat | 45.50 |
(489) |
INDIVIDUALS | Assured Shorthold Tenancy from 11th May 2023 until 10th May 2024. Holding over on a Periodic Tenancy | £9,870 (2) |
|
| Second Floor - Flat B | 1 bed flat | 43.5 |
(468) |
INDIVIDUALS | Assured Shorthold Tenancy from 10th May 2023 until 9th May 2024. Holding over on a Periodic Tenancy | £10,200 (2) |
|
| Total Approximate Floor Area | 131.9 |
(1,418) |
£35,070 |
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) The rent has been annualised.
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.
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