1 Drummond Road, Croydon, Surrey, CR0 1TT
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 22ND MAY 2025 (unless sold prior)
- Ground Floor Shop
Description
Located close to the junction with the pedestrianised section of North End in the heart of Croydon's retail centre nearby such multiple retailers as JD Sports, Vodafone, Deichmann, Foot Locker, Greggs, Tesco Express, Vision Express, Holland & Barrett, Card Factory and many more.
The area is well served by public transport with West Croydon Station (Southern) and West Croydon Tramstop and Bus Station all in close proximity.
Croydon is a principal retail centre approx. 9 miles south of central London being adjacent to the A23 which gives direct access to the National Motorway Network via the M23 and M25.
PROPERTY
Comprising a Single Storey Ground Floor Shop.
ACCOMMODATION
Ground Floor Shop
Gross Frontage 17'2"
Built Depth 24'1"
VAT is applicable to this Lot
TENURE
Leasehold for a term of 999 years from completion at a peppercorn ground rent.
TENANCY
The property is let on a full repairing and insuring lease by way of service charge to Juice IT Limited (not currently trading - see Notes 1 & 2) for a term of 10 years from 20th May 2020 (excl.s24-28 of the L & T Act 1954) at a current rent of £9,800 per annum inclusive of VAT (£8,166.67 plus VAT).
Rent Review 20th May 2025
Note 1: The tenant is not currently trading and owes rent totalling approx. £48,310 including VAT and buildings insurance premiums totalling £1,084.84. The Purchaser will not be liable to pay these arrears to the Freeholder and on completion, the Purchaser will be assigned the benefit of these arrears at no additional cost.
Note 2: The arrears position stated in Note 1 above may provide grounds to obtain vacant possession - Applicants should take their own legal advice in this respect.
Note 3: There maybe potential to convert the property into alternative uses including Residential, subject to obtaining possession and the necessary consents.
Note 4: The first and second floors of the adjoining property (69 North End) is also being offered for sale in this auction - see Lot 7.
Note 5: There is a 6 Week Completion
Energy Performance Certificates
EPCBrochures
1 Drummond Road, Croydon, Surrey, CR0 1TT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Centrale Tram Stop0.1 miles
- George Street Tram Stop0.2 miles
- Church Street Tram Stop0.2 miles
Notes
Disclaimer - Property reference DrummondRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnett Ross, Barnett Ross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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