Ground Floor E Class Unit For Sale in Croydon, Surrey

This property is marketed by:
Bonsors / SHW

Key Features

• Comprises two buildings, with a single Class E unit spanning the entirety of the ground floor.
• Potential to split back into two individual units, subject to planning permission.
• Freehold for sale, with upper parts sold off on long leases.
• Prominent location on Lower Addiscombe Road, Croydon.
• Offers are invited in excess of £250,000 for the freehold interest with vacant possession of the ground floor, subject to existing leases.

Description

The property comprises two buildings, with a single Class E unit spanning the entirety of the ground floor, which could be split back into two separate units. The ground floor unit benefits from a rear external yard area. The upper floors provide residential flats that have been sold off on long leases, with approximately 144 years (223a) and 114 years (225a) remaining unexpired. The ground rent payable for Flat No. 225A is £450 per annum.

Location

The property is prominently located on Lower Addiscombe Road. Addiscombe is a pleasant and well-established suburb, characterised by a predominantly residential environment with a substantial number of dwellings. The area benefits from a diverse mix of independent retailers and notable occupiers such as Sainsbury’s Local, Greggs and KFC. Addiscombe Tram Stop is located 50 metres from the property, providing servcies to Beckenham, Elmers End, East Croydon and Wimbledon.A bus stop also operates directly in front of the property.