First Floor, 68-74 Church Street Croydon Surrey CR0 1RB

First Floor, 68-74 Church Street
Croydon
Surrey
CR0 1RB

Freehold Leisure Investment

Entirely let until 2020 (subject to option)
Prominent town centre location close to the Centrale Shopping Centre and Whitgift Shopping Centre
Nearby occupiers include Argos, McDonald's, Poundstretcher, Bon Marché and Lidl
Six Week Completion Available

Lot
48
Auction
26th May 2011
Rent
£29,900 per Annum Exclusive
Status
Sold
Price
£325,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Leisure Investment

Entirely let until 2020 (subject to option)
Prominent town centre location close to the Centrale Shopping Centre and Whitgift Shopping Centre
Nearby occupiers include Argos, McDonald's, Poundstretcher, Bon Marché and Lidl
Six Week Completion Available

Lot 48
Auction 26th May 2011
Rent £29,900 per Annum Exclusive
Status Sold
Price £325,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 11 miles south of Central London
Roads: A23, A232, M25 (Junction 7)
Rail: East Croydon Railway Station, Church Street Tram Stop
Air: Gatwick Airport, Heathrow Airport

Situation

The property is situated within Croydon town centre on the eastern side of Church Street close to its junction with Old Palace Road. Nearby occupiers include Argos, McDonald's, Poundstretcher, Bon Marché, Lidl and Shoe Zone. Centrale Shopping Centre and Whitgift Shopping Centre are also in close proximity and house retailers including House of Fraser, Debenhams, Zara and Next.

Tenure

Freehold.

Location

Miles: 11 miles south of Central London
Roads: A23, A232, M25 (Junction 7)
Rail: East Croydon Railway Station, Church Street Tram Stop
Air: Gatwick Airport, Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a first floor kickboxing school, dance studio and ancillary sports, massage and beauty treatment rooms above the Lidl supermarket and accessed via Frith Road.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a first floor kickboxing school, dance studio and ancillary sports, massage and beauty treatment rooms above the Lidl supermarket and accessed via Frith Road.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
First	Kick Boxing School/ Dance Studio, Sports, Massage and Beauty Treatment Rooms	492.40 sq m	(5,300 sq ft)	THE CROYDON ACADEMY LIMITED (1)	10 years from 01/10/2010 until 30/09/2020 on a full repairing and insuring lease	£29,900 (2)	01/10/2015 (3)
Totals		492.40 sq m	(5,300 sq ft)			£29,900 (2)

(1) The Croydon Academy Limited is a martial arts school offering the widest range of martial arts disciplines in one place, award winning children's programmes and Britain's most comprehensive Certified Instructors Training programme. (Source: www.croydonmartialart.com 21/04/2011)
(2) The rent is to be reviewed in line with the Retail Price Index (RPI) on an upwards only basis.
(3) Under the terms of the lease, both the tenant and landlord have an option to determine the lease on the fifth anniversary of the term, subject to 12 months' written notice.