- 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.
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.
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.)
|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
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.
Please refer to Legal Documents
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