Shops For Sale in Croydon (London Borough)
Paid partnerships can play a role in listing order
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An opportunity to purchase a freehold commercial investment providing long-term income. The building extends to approximately 2,417sqft and is arranged over ground, first and second floors, with the added benefit of a private rear garden complete with an outbuilding. The property is let to Purple Panda Nurseries Limited, who have been in occupation since 2023. The lease is for a term of 15 years, incorporating open market rent reviews every five years, as well as tenant-only break options at the same intervals, with the next break option due in March 2028. We believe the property will appeal to investors; however, it also appears to offer longer-term potential for conversion into residential accommodation (STPP). Please note that the commercial lease is contracted inside the provisions of the Landlord and Tenant Act 1954. A purchase at the guide price would reflect a Gross Initial Yield of 8.27% and a capital value of c.£300 per sqft. The property is being sold by Acorn Commercial on the instructions of Cripps Trust Corporation Limited pursuant to a court order. It is available for immediate purchase, subject to the existing tenancy agreement.
- Nursery Investment For Sale in Norbury
- Let to 'Purple Panda Nurseries Limited' Company Number 07671487
- 15-year lease from 31/03/2023
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A unique opportunity to acquire this commercial unit in a well-known South London area, South Norwood, which is housed within the ground floor of this period 2-storey building. Internally the commercial unit is c.72sqm/775sqft NIA, which is currently occupied by a hair/nail salon who are holding over on a lease (outside of the act) with only a 3-months' notice required. The commercial tenant is currently paying £10kpa, with the ERV expected to be c.£15k/£16kpa (c.8.6/9% gross yield). Vacant possession can be offered. The flat upstairs is sold off on a long lease.
- Freehold Commercial Unit (Use Class E)
- Corner Positioned Unit with Plenty of Frontage
- Ground Floor sized at c.775sqft (c.72sqm basement included)
1/8An opportunity to purchase a freehold commercial investment providing long-term income. The building extends to approximately 2,417sqft and is arranged over ground, first and second floors, with the added benefit of a private rear garden complete with an outbuilding. The property is let to Purple Panda Nurseries Limited, who have been in occupation since 2023. The lease is for a term of 15 years, incorporating open market rent reviews every five years, as well as tenant-only break options at the same intervals, with the next break option due in March 2028. We believe the property will appeal to investors; however, it also appears to offer longer-term potential for conversion into residential accommodation (STPP). Please note that the commercial lease is contracted inside the provisions of the Landlord and Tenant Act 1954. A purchase at the guide price would reflect a Gross Initial Yield of 8.27% and a capital value of c.£300 per sqft. The property is being sold by Acorn Commercial on the instructions of Cripps Trust Corporation Limited pursuant to a court order. It is available for immediate purchase, subject to the existing tenancy agreement.
|1/1A unique opportunity to acquire this commercial unit in a well-known South London area, South Norwood, which is housed within the ground floor of this period 2-storey building. Internally the commercial unit is c.72sqm/775sqft NIA, which is currently occupied by a hair/nail salon who are holding over on a lease (outside of the act) with only a 3-months' notice required. The commercial tenant is currently paying £10kpa, with the ERV expected to be c.£15k/£16kpa (c.8.6/9% gross yield). Vacant possession can be offered. The flat upstairs is sold off on a long lease.
