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308 Thornton Rd - Lombard Roundabout 1,511 sq ft Medical Unit Offered at £450,000 in Croydon CR0 3JP
EXECUTIVE SUMMARY
The property is situated in a very prominent location at the Lombard roundabout on the A23 where Purley Way, Thornton Road, and Mitcham Road meet. The property forms part of the ground floor of a residential development sited on this major traffic route. There is a high level of vehicular traffic passing this visible site, which is located within a high-density residential area in the London Borough of Croydon.
PROPERTY FACTS
| Total Property Size | 33,740 sq ft | Typical Floor Size | 1,511 sq ft |
| Property Type | Retail (Unit) | Year Built | 2017 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.34 ac |
| Floors | 4 |
| Total Property Size | 33,740 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 1,511 sq ft |
| Year Built | 2017 |
| Tenancy | Single |
| Total Plot Size | 0.34 ac |
AMENITIES
- EPC - D
- Storage Space
1 UNIT AVAILABLE
Unit 308
| Unit Size | 1,511 sq ft | Sale Type | Investment |
| Price | £450,000 | Tenure | Long Leasehold |
| Price Per sq ft | £297.82 | Net Initial Yield | 9.57% |
| Unit Use | Medical | NOI | £43,065 |
| Unit Size | 1,511 sq ft |
| Price | £450,000 |
| Price Per sq ft | £297.82 |
| Unit Use | Medical |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.57% |
| NOI | £43,065 |
DESCRIPTION
The property comprises a ground floor commercial unit, extending to approximately 1,511 sq ft (140 sq m) with prominence and frontage to the A23.
The unit forms part of a development comprising 21 residential apartments above. The unit has been fitted out by the tenant.
NEARBY MAJOR RETAILERS
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308 Thornton Rd - Lombard Roundabout
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