Marketed by
Warrant Properties
Watford
1 Wellstones, Watford WD17 2AE
Available
1 of 18
Offers in Excess of
£1,550,000
57-59 South End, Croydon, Surrey, CR0 1BF
Key features
- Ground and First Floors let to RSR Co Ltd T/A Butt Karahi on a new 15 year lease at a rent of £65,000 per annum exclusive
- 2No. self contained flats at second floor, recently converted to a high standard and which are currently vacant.
- Estimated Rental Value of £102,200 per annum
- A Purchase Price of £1,550,000 plus VAT would refect an attractive Net Initial Yield of approximately 6.21% based on the ERV.
Description
Croydon is located approximately 13 miles south of Central London, 7 miles south west of Bromley and 5 miles east of Sutton. The M25 is 12 miles to the south and is accessed via the A23 which becomes the M23 motorway and joins the M25 at Junction 7. The town has a population of 52,104 persons and benefits from excellent rail communications with frequent services to Central London in approximately 18 minutes from East Croydon to Victoria and 12 minutes from West Croydon to London Bridge. East Croydon station is part of the Thameslink line which provides a cross London service between Bedford and Brighton. Gatwick Airport is approximately 30 miles south via the M23. Croydon is the largest office centre in the South East of England outside Central London.
The property is situated to the south of the town’s prime retail core on South End (A235), the major route into the town centre from the south. The property is situated within an established restaurant and bar area, with a mixture of local traders. There are several pubs and restaurants close by. The town’s main A3/A4 restaurant/bar area is approximately 10 minutes walk to the north of the property, just to the south of the prime pedestrianised retail section on North End. Operators represented in this section of the town centre include NANDOS, REFLEX and TIGER TIGER. There is also a Vue multiplex cinema.
The property is a modern three-storey building built in the early 1960’s being of brick construction under a flat roof. In 2001 a new two-storey extension was added to the front of the building.
Marketed by
Warrant Properties
Watford
1 Wellstones, Watford WD17 2AE
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