Lot

17

263-265, Lower Addiscombe Road, Croydon, Surrey, CR9 6EU

Bidding Closed

SOLD FOR

£584,000

Property Enquiries

Dominic Smith

dominic.smith@bidx1.com
+44 (0)20 7358 5650

Property Enquiries

Mat Harris

mat.harris@bidx1.com
+44 (0) 20 3929 8291

Viewing Registration / Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Briana Scally

briana.scally@addleshawgoddard.com
+44 (0)161 934 6000

Description

Map

Viewings


Property Summary
  • BY ORDER OF MAPELEY
  • Two freehold shops with ancillary upper parts.
  • Part vacant investment producing £12,000 pa.
  • Popular south London location.
  • Asset management opportunities.
  • Planning potential (subject to consents) for 2 self-contained flats.
Tenure

Freehold

Location

Addiscombe is an area of south London, within the London Borough of Croydon. It is located approximately 9.1 miles (15 km) south of Charing Cross with Croydon town centre approximately 2 miles to the west with the nearest train line at East Croydon. The property is located on the north side of Lower Addiscombe Road (A222) between Pavement Square and Teevan Road. Adjoining occupiers include Sainsburys Local and RSPCA, with other nearby occupiers that include Greggs and KFC. The property is located in a mixed use area.

Description

The property consists of two retail units with ancillary first floor accommodation set within a local parade. The two storey property is of traditional construction and is located mid terraced and offers residential conversion to the first floor. (Plans have been submitted under GDPO for the change of use of the first floor to two flats.)

Accommodation
Address Floor Accommodation Tenacy Rent per annum
263 Lower Addiscombe Road Ground 78 sq m (840 sq ft) Vacant
265 Lower Addiscombe Road Ground 67 sq m (721 sq ft) Let to John Kippen expiring 24/03/2020 £12,000
263 - 265 Lower Addiscombe Road First floor Offices 107.40 sq m (1,156 sq ft) Vacant
TOTAL 252.40 sq m (2,717 sq ft) £12,000

The floor areas have been obtained from the Valuation Office www.VOA.gov.uk

Planning

The London Borough of Croydon (020 8726 6000) www.croydon.gov.uk. Planning Application (ref:18/04832/GDPO) is awaiting approval for the conversion of the first floor ancillary offices to 1 one bedroom and 1 two bedroom flats under General Permitted Development Order 2015.

VAT
Please refer to Legal Documents

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.