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12-20 Church St 2,702 - 3,089 sq ft Retail Units Offered at £800,000 - £1,050,000 Per Unit in Croydon CR0 1RB
INVESTMENT HIGHLIGHTS
- Excellent transport links
- Heavy pedestrian traffic
- Array of local amenities
EXECUTIVE SUMMARY
The property is located on the corner of Church Street and Frith Road, in Croydon’s town centre. Church Street benefits from good passing trade due to its close position to Surrey Street, which is a market street that has been operating as a daily market dating back 700 years.
PROPERTY FACTS
| Total Property Size | 48,009 sq ft | Floors | 4 |
| Property Type | Retail | Typical Floor Size | 19,477 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1909 |
| Costar Property Class | C | Total Plot Size | 0.54 ac |
| Total Property Size | 48,009 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 4 |
| Typical Floor Size | 19,477 sq ft |
| Year Built | 1909 |
| Total Plot Size | 0.54 ac |
AMENITIES
- Security System
- Roller Shutters
- Storage Space
2 UNITS AVAILABLE
Unit 18
| Unit Size | 3,089 sq ft | Sale Type | Investment |
| Price | £1,050,000 | Tenure | Long Leasehold |
| Price Per sq ft | £339.92 | Net Initial Yield | 7.20% |
| Unit Use | Retail | NOI | £75,600 |
| Unit Size | 3,089 sq ft |
| Price | £1,050,000 |
| Price Per sq ft | £339.92 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.20% |
| NOI | £75,600 |
DESCRIPTION
The unit is arranged over ground floor only and benefits from good ceiling height.
SALE NOTES
Circa 966 years sub long leasehold at a peppercorn ground rent.
Offers in excess of £1,050,000 for the long leasehold interest, which represents a Net Initial Yield of 7.20% after deducting purchaser’s costs.
Unit 20
| Unit Size | 2,702 sq ft | Sale Type | Investment |
| Price | £800,000 | Tenure | Long Leasehold |
| Price Per sq ft | £296.08 | Net Initial Yield | 7.11% |
| Unit Use | Retail | NOI | £56,880 |
| Unit Size | 2,702 sq ft |
| Price | £800,000 |
| Price Per sq ft | £296.08 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.11% |
| NOI | £56,880 |
DESCRIPTION
The shop is situated on the corner of Frith Road and Church Street, benefiting from a strong corner position with a good return frontage. Internally, the unit is predominantly open plan with high ceilings and is currently trading as a supermarket.
SALE NOTES
Circa 966 years sub long leasehold at a peppercorn ground rent.
Offers in excess of £800,000 for the long leasehold interest, which represents a Net Initial Yield of 7.11% after deducting purchaser’s costs.
NEARBY MAJOR RETAILERS
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12-20 Church St
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