Investment for sale - Ground floor E class unit currently producing £25,000 pa

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  Description
  A ground-floor retail unit within an established suburban parade on Lower Addiscombe Road. The property extends to approximately 81.41 sq m (876 sq ft)
  and provides retail accommodation, a staff room and WC, with rear hardstanding/access.
  
  The interest is understood to be held on a 999-year lease from 24 June 2011. Legal title, lease terms, service-charge liability and all other tenure matters should be
  independently verified

  Location
  Situated on Lower Addiscombe Road, 299 Lower Addiscombe Road occupies a prominent position within the established Addiscombe district of Croydon. The area is characterised by a dense residential catchment, alongside a varied selection of independent shops, cafés, convenience retailers and local service businesses.
  
  The property is exceptionally well connected. Addiscombe Tram Stop is close by, offering frequent services westbound towards East Croydon, central Croydon and Wimbledon, and eastbound towards Elmers End and Beckenham Junction. East Croydon station is also readily accessible, providing fast and frequent rail services to London Victoria, London Bridge, Gatwick Airport, Brighton and destinations across Surrey and Sussex.
  
  Lower Addiscombe Road provides direct access into Croydon town centre and links conveniently with the wider South London road network. Local bus routes, including the 289, 312 and 367, serve the immediate area and connect with East Croydon, West Croydon, Purley, Norwood Junction, Bromley and Elmers End.

  Lease & income
  Ground floor: Leased from 30 Jan 2024 – 29 Jan 2029 with a passing rent of £25,000 pa

  Portfolio
  This unit forms part of a portfolio disposal that is available as individual lots or as one - The brochure will show all available units (Industrial & retail)

  Terms
  Guide Price £325,000