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102 North End 1,686 sq ft Retail Property Croydon CR0 1UD £1,350,000 (£800.71/sq ft)


Investment Highlights
- The property consists of a ground floor shop with small basement storage
- Three flats above being a two bedroom, a one bedroom, and a studio flat on the eastern side of North End
- North End is the principal ‘High Street’ for Croydon
- Neighbouring units including such multiples as Next, Marks & Spencer, Zara, Costa, Warren James, Specsavers, O2, McDonald’s
Executive Summary
The Ground Floor Shop is let to Mobile Xchange Limited for 10 years from 8 April 2021 on the equivalent of full repairing and insuring terms at £55,000 pa. There is a tenant only break clause (exercisable on 6 months’ written notice) and an upward only rent review at the end of the fifth year which has not yet been implemented.
The Upper Parts are let on ASTs as follows:
102A (First Floor) for 1 year from 31 July 2023 to 30 July 2024 to an individual at a current rental of £1,233 pcm, being £14,100 pa with tenant paying Council Tax and all utilities. The rent increases by 5% on 31 July of each year. Mutual rolling break clause after 6 months, operational on two months’ notice. Managing Agent’s Scheme in place of a deposit the tenant pays an additional monthly sum to the Managing Agent who will pay the landlord up to 7 weeks’ rent should the tenant be in default.
102B (Second Floor) from 30 March 2025, extended for 12 months to Jan individual at £1,000 pcm being £12,000 pa, with tenant paying Council Tax and all utilities. Deposit of £1,153.31 held in the Tenancy Protection Service.
102C (Third & Fourth Floors) from 22 June 2025 for 12 months and 5 days to two individuals at a current rent of £1,350 pcm being £16,200 pa with tenant paying Council Tax and all utilities. Deposit of £1,246.00 held in the Deposit Protection Service Current Total Rent: £98,736 pa subject to reviews.
The Upper Parts are let on ASTs as follows:
102A (First Floor) for 1 year from 31 July 2023 to 30 July 2024 to an individual at a current rental of £1,233 pcm, being £14,100 pa with tenant paying Council Tax and all utilities. The rent increases by 5% on 31 July of each year. Mutual rolling break clause after 6 months, operational on two months’ notice. Managing Agent’s Scheme in place of a deposit the tenant pays an additional monthly sum to the Managing Agent who will pay the landlord up to 7 weeks’ rent should the tenant be in default.
102B (Second Floor) from 30 March 2025, extended for 12 months to Jan individual at £1,000 pcm being £12,000 pa, with tenant paying Council Tax and all utilities. Deposit of £1,153.31 held in the Tenancy Protection Service.
102C (Third & Fourth Floors) from 22 June 2025 for 12 months and 5 days to two individuals at a current rent of £1,350 pcm being £16,200 pa with tenant paying Council Tax and all utilities. Deposit of £1,246.00 held in the Deposit Protection Service Current Total Rent: £98,736 pa subject to reviews.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,686 sq ft
Costar Property Class
B
Year Built
1959
Price
£1,350,000
Price per sq ft
£800.71
Tenancy
Single
Number of Floors
4
Plot ratio
0.97
Total Plot Size
0.04 ac
Frontage
19 ft on North End
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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102 North End
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