Two Commercial Investment Buildings With Planning For Sale in Croydon

This property is marketed by:
Bonsors / SHW

Mixed use commercial buildings with planning for sale in Croydon

Key Features

• Three viewing dates have been arranged on Thursday 25th June, Wednesday 1st July and Thursday 9th July, please email [email protected] for further information and to book in.
• Central location in The London Borough of Croydon.
• The property comprises two buildings arranged over four floors.
• The former offices at first and second floors have their own ground-floor self-contained entrance.
• Planning permission has been granted for the conversion of the two vacant upper floors to 4 no. residential units.
• The two ground floor retail units are let to Caffè Nero and Kokoro at £76,000 per annum.
• Offers are invited in excess of £1,150,000.
• Potential to increase rents to £95,500 in March 2027.

Description

Croydon has a strong and growing catchment population, supported by a large proportion of working-age 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.

Location

The property is situated on George Street, Croydon, a thriving town centre in the London Borough of Croydon, with 235,761 people within a 10-minute drive. East Croydon Railway Station is located 0.3 miles from the property, providing services to Brighton, Gatwick Airport and London Terminals. George Street Tram Stop is also in very close proximity. The town boasts an annual retail expenditure of £2.289m in 2024 and a per capita spend of £5,908.