Well Located Industrial Investment with Development Potential
Motorcycle Workshop and Training Centre let until September 2032
Approx. 0.09 Ha (0.23 Acres) and a site coverage of 28%
Highly prominent position fronting Purley Way (A23) opposite IKEA Croydon
Includes well positioned digital advertising display
Redevelopment potential (subject to consents)
Adjacent to the Purley Way Master Plan to include a proposed 7,400 new home scheme
Nearby occupiers include Amazon, Decathlon, Sainsbury's, Furniture Village, Sofology, IKEA and Shurguard Self Storage
Lot 34
Auction 27th March 2025
Rent £85,116 per Annum Exclusive
Status Available
Guide* £1,200,000
Sector Industrial, Motor Trade, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles south of Central London,
Roads
A23, A236, A232
Rail
West Croydon Railway Station, Waddon Railway Station
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property located in a highly prominent position, just off the Purley Way (A23), directly opposite IKEA Croydon and Valley Retail Park. The immediate vicinity provides predominantly industrial, retail warehouses and storage, with occupiers including Amazon, Decathlon, Sainsbury's, Furniture Village, Sofology, Carpet Warehouse and Shurguard Self Storage.
Tenure
Virtual Freehold. Held for a term of 900 years from 18th July 2005 at a peppercorn ground rent.
Location
Miles
9 miles south of Central London,
Roads
A23, A236, A232
Rail
West Croydon Railway Station, Waddon Railway Station
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property located in a highly prominent position, just off the Purley Way (A23), directly opposite IKEA Croydon and Valley Retail Park. The immediate vicinity provides predominantly industrial, retail warehouses and storage, with occupiers including Amazon, Decathlon, Sainsbury's, Furniture Village, Sofology, Carpet Warehouse and Shurguard Self Storage.
Tenure
Virtual Freehold. Held for a term of 900 years from 18th July 2005 at a peppercorn ground rent.
Description
The property comprises a motorcycle workshop and training centre with hard standing secure land with total site area of 0.09 Ha (0.23 Acres) and a low site coverage of 28%. The property also includes a well positioned digital advertising display fronting Purley Way. The property may be suitable for redevelopment subject to the necessary consents.
VAT
VAT is applicable to this lot.
EPC
B
Description
The property comprises a motorcycle workshop and training centre with hard standing secure land with total site area of 0.09 Ha (0.23 Acres) and a low site coverage of 28%. The property also includes a well positioned digital advertising display fronting Purley Way. The property may be suitable for redevelopment subject to the necessary consents.
VAT
VAT is applicable to this lot.
EPC
B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx. sq. m.
Floor Areas Approx. (sq. ft.)
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Office/Workshop
265.30
(2,856)
MACH PROPERTY SOLUTIONS (UK) LTD with Guarantee from MACBRIT SOLUTIONS LTD t/a Universal Motorcycle Training (1)
10 years from 28/09/2022
£73,116 (2)
28/09/2025 (2)
Ground
Digital Advertising Display
-
-
JCDECAUX UK LIMITED
10 years from 21/05/2023
£12,000
21/05/2028 (3)
Total
265.30
(2,856) (4)
£85,116
(1) Universal Motorcycle Training are a motorcycle training school who links riders to motorcycle instructors in London. (2) The lease provides for an RPI linked rent review on 28/09/2025 to a minimum of 2% and maximum of 4%. The current rent reserved under the terms of the lease is £65,000 p.a.x., the Seller will 'top up' the rent to £73,116 p.a.x. from completion of the sale until 28/09/2025. The vendor holds a rent deposit of £12,000. (3) The advertising hoarding agreement provides for a fixed rental increase to £12,500 on 21/05/2028. (4) The floor areas stated above are those published by Digital Inc and have been measured on a Gross External Area basis. The survey is available within the Legal Pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
