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Commercial property for sale in London, England

Commercial property for sale

Commercial property for sale
For Sale
London, GB
1 Drummond Road, Croydon, Surrey, CR0 1TT
0 m²
commercial
2026-04-19

Price

€30,000

More details

Description

SITUATION
 Located close to the junction with the pedestrianised section of North End in the heart of Croydon's retail centre nearby such multiple retailers as JD Sports, Vodafone, Deichmann, Foot Locker, Greggs, Tesco Express, Vision Express, Holland & Barrett, Card Factory and many more.
 The area is well served by public transport with West Croydon Station (Southern) and West Croydon Tramstop and Bus Station all in close proximity. 
 Croydon is a principal retail centre approx. 9 miles south of central London being adjacent to the A23 which gives direct access to the National Motorway Network via the M23 and M25.
 
 PROPERTY
 Comprising a Single Storey Ground Floor Shop.
 
 ACCOMMODATION
 Ground Floor Shop
 Gross Frontage 17'2"
 Built Depth 24'1"
 
 VAT is applicable to this Lot
 
 TENURE
 Leasehold for a term of 999 years from completion at a peppercorn ground rent.
 
 TENANCY
 The property is let on a full repairing and insuring lease by way of service charge to Juice IT Limited (not currently trading - see Notes 1 & 2) for a term of 10 years from 20th May 2020 (excl.s24-28 of the L & T Act 1954) at a current rent of £9,800 per annum inclusive of VAT (£8,166.67 plus VAT).
 
 Rent Review 20th May 2025
 
 Note 1: The tenant is not currently trading and owes rent totalling approx. £48,310 including VAT and buildings insurance premiums totalling £1,084.84. The Purchaser will not be liable to pay these arrears to the Freeholder and on completion, the Purchaser will be assigned the benefit of these arrears at no additional cost.
 
 Note 2: The arrears position stated in Note 1 above may provide grounds to obtain vacant possession - Applicants should take their own legal advice in this respect.
 
 Note 3: There maybe potential to convert the property into alternative uses including Residential, subject to obtaining possession and the necessary consents.
 
 Note 4: The first and second floors of the adjoining property (69 North End) is also being offered for sale in this auction - see Lot 7.
 
 Note 5: There is a 6 Week Completion Energy Performance Certificates EPC

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Est. Monthly Payment

€101.18

Commercial property for sale in London, England - N3159956