Revisionary Multi-Let Light Industrial Investment Available
Summary
- The property comprises a mix of commercial light industrial and uses, extending 22,277sqft (GIA)
- Total site area of c.0.46 acres.
- Located within an industrial hub adjacent to Big Yellow Self Storage, West Retail Park (Wren Kitchens) and Thornton Road Trading Estate
- Diverse range of income with 32 units let to 12 tenants, with only 2 units vacant
- Total current passing rent of £224,196 per annum
- Offers are invited for a new 999 year Virtual Freehold at a Peppercorn Rent
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground | 16,198 | 1,504.84 | Available |
| Mezzanine - Mezzanine Upper | 5,950 | 552.77 | Available |
| Mezzanine | 129 | 11.98 | Available |
| Total | 22,277 | 2,069.59 |
Location
Croydon is Greater London’s largest single market, situated 9.5 miles south of Central London, with inward investment of over £5.25bn on local regeneration projects, including The Growth Zone Program, a £520m initiative supporting local infrastructure upgrades, including the 1.4bn redevelopment of the Whitgift Shopping Centre and the improvements to West Croydon Station and local tram services.
Strategically located adjacent to the A23 Thornton Road/Purley Way, a major commercial area in South London. The property is surrounded by various uses, including food stores, retail parks, car dealerships and trade counters. Located opposite Thornton Road Trading Centre and West Retail Park, which feature national occupiers like Topps Tiles, Magnet, Howdens and Big Yellow Storage.
Get directions from Google Maps
Mainline Stations
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West Croydon20 mins
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Thornton Heath22 mins
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Selhurst28 mins
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Waddon28 mins
Underground Station
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Therapia Lane8 mins
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Ampere Way9 mins
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Waddon Marsh15 mins
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Beddington Lane18 mins
Further Information
Rates Payable Upon Enquiry
Description
Mixed-use three storey building of brick construction with a pitched-roof warehouse to the rear.
The commercial spaces include light industrial, workshops, and studio accommodations, subdivided into 32 units with the following features:
7.92m eaves height in the warehouse
Secure service yard
Roller shutter doors
Male and female WCs
The first and second floors have been converted into 40 studio flats, each let on Assured Shorthold Tenancy Agreements (ASTs). The residential element will be retained by the vendor.
Gallery
