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2 bedroom retail property (out of town) for sale

76-76a Croydon Road, West Wickham, BR4

£500,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Freehold Investment
  • Ground Floor Commercial
  • Upper Parts Residential

Full description

Tenure: Freehold

LOCATION
West Wickham is an affluent suburb in the London Borough of Bromley.

The property is located on the south side of Croydon Road close to its junction with Kingsway within a parade of shops. The town centre is approx. one mile away.

Surrounding occupiers include Wickes, Co-op plus a number of local retailers.

DESCRIPTION
Comprises a mid-terrace building currently arranged on ground and first floor levels.

The ground floor comprises a shop unit trading as a double glazing/plastics showroom with extensive rear yard and storage building. Access is via shared vehicle roadway leading from Kingsway. The current tenant is to enter into a new lease at completion of the sale.

The upper floors offer a self-contained maisonette comprising living room, two bedrooms, kitchen and bathroom/WC.

<TENANCIES
76 Croydon Road:
To be let upon a new Full Repairing and Insuring lease for a term of 10 years from completion at a rental of 13,800pax, subject to review at the 5th year. The lease is to be granted within the security provisions of the Landlord & Tenant Act 1954 (as amended).

The tenant is an established trader who has occupied the property for some 10 years t/a GP Plastics.

76a Croydon Road (Maisonette):
The first floor residential flat is let upon an Assured Shorthold Tenancy at a rental of 1,000 per calendar month.

Current Rental Income: 25,800 per annum.

PRICE
500,000 (Five Hundred Thousand Pounds), subject to the occupational leases granted.

SEE BROCHURE FOR FULL DETAILS


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