Welcome Southern Co-Op, 3 Fell Road, Queen's Quarter, Croydon, CR0 0LN
£169.12 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,400 sq ft
316 sq m
- SECTOR
High street retail property for sale
Key features
- Retail investment located within the Queen's Quarter Development in Croydon town centre, a popular London commuter town, approximately 9.5 miles south of Central London
- Occupied by Jay Retail Ltd (t/a Southern Co-Op) on a 15-year lease from January 2024, with a current passing rent of £50,000 per annum
- The property has a gross internal floor area of 3,400 square feet (316 square metres)
- The property is to be offered in the Savills auction on 31st March 2026
- Guided at £575,000, which represents a gross yield of 8.69%
- EPC Rating - A
Description
Location - The property is located within Block 3 of the new Queen's Quarter development, a thoughtfully designed neighbourhood in Croydon town centre.
The development fronts onto The Queen’s Gardens, a revitalised community green space, comprising vast lawns, trees, a large children’s play area with benches, and a sunken garden area with flower beds.
Queen's Quarter also benefits from exceptional connectivity to London and beyond. Situated just moments from East Croydon station, it is one of the busiest public transport interchanges in the UK. Regular services provide direct access into London Victoria Station (17 minutes) and London Bridge Station (13 minutes), which in turn link to the London Underground networks. Three local tram routes and several bus routes are also available adjacent to the development.
Please note all times and distances given are approximate only.
Description - The property is arranged over ground floor only. The property has a gross internal floor area of 3,400 square feet (316 square metres).
Please note that the sizes given are approximate only and have been taken from plans provided from by the seller. All interested parties are advised to rely on their own inspection and survey.
Tenancy - The property is let to Jay Retail Ltd (t/a Southern Co-Op) on a 15-year lease from January 2024, with a current passing rent of £50,000 per annum. There is a CPI linked rent review in 2029 and 2034. There is a tenant-only break option in January 2034.
Tenure - The property is held on a 250-year lease from August 2019 with no ground rent payable.
Vat - The property is elected for VAT.
Terms - The property is to be offered in the Savills auction on 31st March 2026. The property is guided at £575,000 which is a 8.69% gross yield.
Viewings - Viewings are strictly by appointment through joint auctioneer Harston&Co.
Brochures
Welcome Southern Co-Op, 3 Fell Road, Queen's Quarter, Croydon, CR0 0LN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- George Street Tram Stop0.2 miles
- Wellesley Road Tram Stop0.3 miles
- Church Street Tram Stop0.3 miles
Notes
Disclaimer - Property reference 34471941. 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 Harston&Co, London. 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 Harston&Co, London on 020 3840 3359.
*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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