Leisure Complex Property For Sale in Croydon, Surrey, CR0

This property is marketed by:
Bonsors / SHW

Tower A, St Michael's Square, Croydon, Surrey, CR0 2RB | For Sale - £1,500,000 OIEO

Tower A, St Michael's Square, Croydon - Key Features

• 4,823 sq ft (448.06 sq m)
• St Michael's Square is positioned in the centre of Croydon, a thriving South London town centre location forming a new gateway to the town, directly opposite key bus, tram and rail interchanges.
• West Croydon provides strong transport connections including London Overground, National Rail, tram and bus services.
• Croydon benefits from a strong and growing catchment population, with 54,407 people within a 5-minute drive and 235,761 within 10 minutes, supporting sustained local demand and footfall.
• The property occupies a prominent town centre position close to East and West Croydon stations within an established commercial and leisure destination.
• A unique leisure investment forming part of the St Michael's Square development, located on the ground floor of Tower A, extending to approximately 4,823 sq ft (GIA).
• Let in shell and core condition, with the tenant having completed a significant fit-out including installation of a mezzanine and a substantial indoor climbing centre.
• Entire property let to SPJ Climbing Three Ltd at £130,000 per annum (£26.95 psf) on a 15-year lease expiring on 27/11/2040.
• Tenant-only break option on 28/11/2035 therefore providing an unexpired term of 14.6 years to expiry and 9.6 years to break.
• Tenant SPJ Climbing Three Ltd is owner by the operator of established Clip 'n' Climb centres with a three-year guarantee from Entre-prises (UK) Ltd, the main UK Clip 'n' Climb company.

St Michael's Square Description

Croydon has a strong and growing catchment population, supported by a large proportion of workingage residents and a well-established local workforce. There are 54,407 people within a 5-minute drivetime of the subject property, rising significantly to 235,761 within 10 minutes. Households total 24,446 within 5 minutes and increase to 98,030 within 10 minutes, with a workforce of 37,068 and 89,127 respectively (source: StorePointGeo). The total population within the Croydon Primary Retail Market Area is estimated at 384,000 at end 2024. The town boasts an estimated total retail expenditure of £2.289 billion in 2024 and per capita spend of £5,908 (source: Promis). Croydon has a high proportion of young families, with almost a quarter of the population in the 5 minute drivetime are between the ages of 0-15 years. The occupier is well suited to this younger demographic, being a popular location for kids parties, school groups and a designated soft play area.

St Michael’s Square - Location 

St Michael’s Square is the new gateway to the town centre, providing extensive public realm across an attractive new square immediately opposite bus, tram and train interchanges for West Croydon.

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