Retail for sale

Key features

• St Michael's Square is positioned in the centre of Croydon, a thriving South London town centre location forming a new
  gateway to the town, directly opposite key bus, tram and rail interchanges.
• West Croydon provides strong transport connections including London Overground, National Rail, tram and bus services.
• Croydon benefits from a strong and growing catchment population, with 54,407 people within a 5-minute drive and 235,761 within 10 minutes, supporting sustained local demand and footfall.
• The property occupies a prominent town centre position close to East and West Croydon stations within an established commercial and leisure destination.
• A unique leisure investment forming part of the St Michael's Square development, located on the ground floor of Tower A, extending to approximately 4,823 sq ft (GIA).
• Let in shell and core condition, with the tenant having completed a significant fit-out including installation of a mezzanine and a substantial indoor climbing centre.
• Entire property let to SPJ Climbing Three Ltd at £130,000 per annum (£26.95 psf) on a 15-year lease expiring on 27/11/2040.
• Tenant-only break option on 28/11/2035 therefore providing an unexpired term of 14.6 years to expiry and 9.6 years to break.
• Tenant SPJ Climbing Three Ltd is owner by the operator of established Clip 'n' Climb centres with a three-year guarantee from Entre-prises (UK) Ltd, the main UK Clip 'n' Climb company.