Commercial Property in Addiscombe available for sale
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Petrol Station for Sale near the Addiscombe, Croydon

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Retail Properties for Sale Near the Addiscombe, Croydon

More details for 89 Lower Addiscombe Rd, Croydon - Retail for Sale

89 Lower Addiscombe Rd

Croydon, CR0 6PT

  • Retail for Sale
  • £300,000
  • 1,450 sq ft
  • Restaurant

Croydon Retail for Sale - Addiscombe

Opportunity to purchase a freehold investment in a prominent position on the busy Lower Addiscombe Road. The ground floor is occupied and used as a restaurant benefitting from a large seating area over ground floor and basement, plus a good-sized kitchen leading to a rear storeroom, yard area, and rear access to Warren Road. The flats above are sold off on long leases. Ground floor and basement let to the restaurant Les Calices, on a 20 year lease beginning 1st December 2017 and expiring 31st November 2037. Rent review every 5th anniversary and currently producing £20,000 pax. 1st floor flat is sold off on a long lease and has reversionary potential with 64 years unexpired. Ground Rent of £250 is payable per annum. 2nd floor flat is sold off on a long lease with 190 years unexpired. Ground rent of a peppercorn is payable per annum.

Contact:

Huggins Stuart Edwards

Property Subtype:

Restaurant

Date on Market:

20/05/2024
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