Commercial investment unit for sale in Croydon

This property is marketed by:
Bonsors

Key Features:

• Ground floor commercial unit within a mixed use development, held on 125 year lease
• Prominent location on Lombard Roundabout, just off the A23 (Purley Way)
• Let to Bupa Occupational Health Limited, part of the Bupa Group
• Bupa lease runs until August 2030
• Passing Rent: £45,000 per annum
• OIEO £450,000 reflecting a net initial yield of 9.57%

The property comprises a ground floor commercial unit, extending to approximately 1,511 sq ft (140 sq m) with prominence and frontage to the A23. The unit forms part of a development comprising 21 residential apartments above. The unit has been fitted out by the tenant.

LOCATION

The property is situated in a very prominent location at the Lombard roundabout on the A23 where Purley Way, Thornton Road, and Mitcham Road meet. The property forms part of the ground floor of a residential development sited on this major traffic route. There is a high level of vehicular traffic passing this visible site, which is located within a high-density residential area in the London Borough of Croydon.