Commercial · Retail Property (High Street) · Leasehold

A Ground Floor Retail Unit Fully Let Producing £45,000 Per Annum

308 Thornton Road, Croydon, Surrey, CR0 3EU

Property type
Retail Property (High Street)
Tenure
Leasehold

Description

A Ground Floor Retail Unit Fully Let Producing £45,000 Per Annum The property comprises a ground floor retail unit situated within a substantial corner building arranged over ground and two upper floors. Tenure: Leasehold. The property is held on a 125 year lease from October 2017 (thus approximately 116 years unexpired). Location: The property is situated on a mixed use road close to local shops and amenities. The open spaces of Canterbury Road Recreation Ground Park are within easy reach. Transport links are provided by West Croydon overground station and rail station. Accommodation: Ground Floor Retail Unit G.I.A Approximately 140 sq m (1,511 sq ft) Tenancy: The property is let to Bupa Occupational Health Limited on a lease expiring August 2030 at a rent of £45,000 per annum. Note: The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Financial Tools

Your estimated monthly payment
£1,167.25/mo
Deposit £70,000 (25%) Loan £210,000 Interest £140,174
Total cost £350,174 Total interest £140,174
Property price£280,000
Deposit25%
£70,000
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

308 Thornton Road, Croydon, Surrey, CR0 3EU
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