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Tower A, St Michael's Square, Croydon, Surrey, CR0 2RB

Offers in Excess of
£1,500,000

£311.01 per sq ft

Business rates & charges may apply

SHW, Brighton
SIZE AVAILABLE

4,823 sq ft

448 sq m

SECTOR

High street retail property for sale

Key features

  • St Michael's Square is positioned in the centre of Croydon, a thriving South London town centre location forming a new gateway to the town, directly opposite key bus, tram and rail interchanges.
  • West Croydon provides strong transport connections including London Overground, National Rail, tram and bus services.
  • Croydon benefits from a strong and growing catchment population, with 54,407 people within a 5-minute drive and 235,761 within 10 minutes, supporting sustained local demand and footfall.
  • The property occupies a prominent town centre position close to East and West Croydon stations within an established commercial and leisure destination.
  • A unique leisure investment forming part of the St Michael's Square development, located on the ground floor of Tower A, extending to approximately 4,823 sq ft (GIA).
  • Let in shell and core condition, with the tenant having completed a significant fit-out including installation of a mezzanine and a substantial indoor climbing centre.
  • Entire property let to SPJ Climbing Three Ltd at £130,000 per annum (£26.95 psf) on a 15-year lease expiring on 27/11/2040.
  • Tenant-only break option on 28/11/2035 therefore providing an unexpired term of 14.6 years to expiry and 9.6 years to break.
  • Tenant SPJ Climbing Three Ltd is owner by the operator of established Clip 'n' Climb centres with a three-year guarantee from Entre-prises (UK) Ltd, the main UK Clip 'n' Climb company.

Description

St Michael's Square provides unique retail spaces within Tower A and B of the development, both housing high quality residential above. Unit A has a substantial climbing centre fit out across the double height space and the tenant has completed the installation of a mezzanine floor area to subdivide the space and provide a café.

There is also an attractive historic façade that has been retained along the north elevation along Station Road.

At Tower B the unit is currently under offer and will shortly be occupied by a nationally recognised convenience store operator.

St Michael's Square is positioned in the centre of Croydon, a thriving town within South London, and is served well by local transport with multiple connections to central London via tube, train, tram and bus. Croydon acts as a gateway between central London and the Southern Counties of Surrey and Sussex, serving as one of London's largest boroughs and subsequently one of the largest commercial centres outside of central London.

St Michael's Square is the new gateway to the town centre, providing extensive public realm across an attractive new square immediately opposite bus, tram and train interchanges for West Croydon.

Brochures

Tower A, St Michael's Square, Croydon, Surrey, CR0 2RB

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • West Croydon Station0.0 miles
  • Centrale Tram Stop0.2 miles
  • Wellesley Road Tram Stop0.3 miles

About SHW, Brighton

Lees House, 21-33 Dyke Road, Brighton BN1 3FE

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 36621FH. 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 SHW, Brighton. 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.

Map data ©OpenStreetMap contributors.

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