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Tower A St Michaels Square Station Road Croydon CR0 2RB United Kingdom

£1,325,000

£274.73 per sq ft

Business rates & charges may apply

Colliers International, Retail
SIZE AVAILABLE

4,823 sq ft

448 sq m

SECTOR

Commercial property for sale

USE CLASSUse class orders: A1 Shops

A1

Key features

  • Leisure investment
  • Clip ?n Climb
  • 14.6 years unexpired
  • West Croydon transport interchange
  • Pricing is £1.5m / 8.17% NIY

Description

St Michael?s Square presents a compelling leisure investment opportunity in the heart of Croydon, one of South London?s most dynamic and well-connected town centres. The property sits opposite the bus, tram and rail interchanges at West Croydon, with East Croydon station just a 10-minute walk away, providing fast connections to Central London, Gatwick Airport and the South Coast.

The location benefits from a substantial catchment of over 235,000 people within a 10-minute drive, supporting strong and sustained footfall.

The investment comprises approximately 4,823 sq ft of ground-floor leisure accommodation within Tower A of St Michael?s Square, let to SPJ Climbing Three Ltd, operator of established Clip ?n Climb centres, at £130,000 per annum. The tenant has invested significantly in the fit-out, including a mezzanine and indoor climbing centre.

The 15-year lease expires in November 2040, providing 14.6 years unexpired and 9.6 years to the tenant-only break, supported by a three-year guarantee from Entre-prises (UK) Ltd, the principal UK Clip ?n Climb operator.

Brochures

Tower A St Michaels Square Station Road Croydon CR0 2RB United Kingdom

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • West Croydon Station0.1 miles
  • Centrale Tram Stop0.3 miles
  • Wellesley Road Tram Stop0.3 miles

About Colliers International, Retail

95 Wigmore Street London W1U 1FF

Colliers International is the world's third largest commercial real estate organisation with 530 offices in 62 countries.

In the UK we employ over 700 people in 12 main offices and we understand how important in-depth local knowledge is to our clients. However, being an integral part of the newly aligned Colliers International also gives our clients access to over 12,300 professionals around the world and allows us to share comprehensive market knowledge and intelligent insight into market trends globally as well as important relationships across the international marketplace.

This combination of unrivalled global coverage, accountability and financial strength with local ownership and expertise provides our clients with a unique operating model, one which ensures we can deliver comprehensive and truly pertinent solutions for each and every one.

Notes

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Disclaimer - Property reference a03N100000AvucTIAR. 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 Colliers International, Retail. 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.

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