The Broadway, Croydon, London, CR0
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Parking
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- Primary use
- High street retail
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No floor / site plan
Description
The properties occupy a prime position fronting the main A232 which is a busy road linking the Purley Way in Croydon and Wallington as well as Beddington.
DESCRIPTION
The property comprises a triple fronted retail unit currently let to Lafford Chemists Limited. The Parade at Plough Lane is well used and comprises a mix of local retailers including a convenience store, barber shop, micro pub and others.
TENANCY DETAILS
The ground floor is currently let on a full repairing and insuring Lease for a term of 15 years from December 2018 to Lafford Chemists Limited at a current rent of £26,575 per annum. The residential element of the property is sold off by way of a long lease with ground rent being paid of £200 per annum rising to £400 per annum in 2042.
INTERNAL AREA
Net internal areas as follows:
Ground Floor 119.58 sq m 1287 sq ft
TERMS
The properties 7 - 8 The Broadway are owned freehold and the property 6 The Broadway is owned by way of a long leasehold with approximately 120 years unexpired. These interests are for sale and offers are sought in the region of £325,000 plus VAT (if applicable) subject to contract.
BUSINESS RATES
According to the Government website the property has a Rateable Value of £21,500. The current UBR for 2024/5 is 49.9p in the £.
VAT
We understand that the premises are not elected for VAT will not be payable on the purchase price. All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989.
LEGAL COSTS
Each party to be responsible for their own legal costs in the transaction.
EPC
The commercial unit has an EPC rating of D.
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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The Broadway, Croydon, London, CR0
About Steve Lane, Commercial, Reigate
Commercial Services
The Commercial Agency Department operates through both offices and is one of the leading commercial agency practices in East Surrey. Whilst our primary catchment area is East Surrey our activities and services stretch much further afield including London, Sussex and throughout the South East of England.
We specialize in the sale, letting, acquisition and disposal of Commercial Property including offices, serviced offices, retail, restaurants, industrial/warehouse, investment and development opportunities. Transactions include freehold sales, new lettings, sub-lettings, lease assignments or surrenders as appropriate.
Robinsons offers a proactive professional approach to Clients, whether Vendor, Landlord, Purchaser or Tenant. Our commercial property team work with property owners, developers investors, local authorities and pension funds across the territory. We have extensive knowledge, experience and expertise to achieve the best outcome for our Clients and in addition we have an established network of trustworthy specialists to provide additional support if required.
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Disclaimer - Property reference thebroadway. 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 Steve Lane, Commercial, Reigate. 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.