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Retail Property (high street) for sale
London Road, Norbury SW16 4DT
Ground floor showroom and yard either for sale freehold or to let on a new lease. The property is located on the London Road, Norbury, in between Kilmartin Avenue and Strathyre Avenue on a parade of shops that specialise in car sales.
The property comprises a shop of around 530ft²/49m² which has access onto the street via folding doors, a rear office of around 110ft²/10m² and ancillary areas. To the rear of a shop is an extensive rear yard of around 1,290ft²/120m² (with room for up to 9 cars) which has vehicular access via an alley leading to both Kilmartin Avenue and Strathyre Avenue. To the front of the shop is a forecourt of around 100ft²/9.m² (with room for 3 cars), though there is the possibility of obtaining a Street Traders Licence from Croydon Council for use of an additional 200ft²/18m².
The shop has A1 use and benefits from electric and water connections but no gas, and is in need of some renovation. Business Rates (for Showroom and Premises) is advised as being payable at around £3,150pa.
The property is available either for sale freehold for £250,000, in which case the ground rent income from the first and second floor maisonette (sold off on Long-Lease (commenced 1975 for 100 years) which has 67 years remaining) would be included, or is to let on a new lease for £18,000 per annum, with the incoming tenant requested to pay ¼ rent in advance, ¼ rent as deposit, and to pay the landlords reasonable legal fees.
The shop was most recently in use as a Car Showroom but would suit other A1 or A2 users subject to obtaining the necessary consents. All enquiries welcome.