23 Central Parade New Addington Croydon CR0 0JB

23 Central Parade
New Addington
Croydon
CR0 0JB

Freehold Retail/Residential Investment

Shop let to Sportswift Limited (t/a Card Factory) on a 10 year lease until 2022 (no break)
Three bedroom residential flat on upper floors
Located in popular London suburb
Nearby occupiers include Lloyds TSB, Co-Operative Supermarket, William Hill, Greggs and Iceland
Large yard to rear of property with future development potential (subject to consents)
Six Week Completion Period Available

Lot
17
Auction
21st March 2013
Rent
£47,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail/Residential Investment

Shop let to Sportswift Limited (t/a Card Factory) on a 10 year lease until 2022 (no break)
Three bedroom residential flat on upper floors
Located in popular London suburb
Nearby occupiers include Lloyds TSB, Co-Operative Supermarket, William Hill, Greggs and Iceland
Large yard to rear of property with future development potential (subject to consents)
Six Week Completion Period Available

Lot 17
Auction 21st March 2013
Rent £47,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 5 miles south-east of Croydon, 14.3 miles south of Central London
Roads: A212, A2022
Rail: New Addington Tramlink
Air: London City Airport, London Gatwick Airport

Situation

The property is situated on the northern side of Central Parade approximately 100 metres from New Addington Tramlink stop. Nearby occupiers include Lloyds TSB, Co-operative Supermarket, William Hill, Greggs and Iceland.

Tenure

Freehold.

Location

Miles: 5 miles south-east of Croydon, 14.3 miles south of Central London
Roads: A212, A2022
Rail: New Addington Tramlink
Air: London City Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with a three bedroom residential flat on upper floors. The property also benefits from a large yard to the rear.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with a three bedroom residential flat on upper floors. The property also benefits from a large yard to the rear.

VAT

VAT is not 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/(Reversion)
Ground Basement	Retail Storage	83.00 sq m 75.00 sq m	893 sq ft) (807 sq ft)	SPORTSWIFT LIMITED (t/a Card Factory) (1)	10 years from 15/11/2012 on a full repairing and insuring lease	£35,000	15/11/2017 (14/11/2022)
First/Second	Residential – Three Bedroom	Not Measured Not Measured		INDIVIDUAL	Assured Shorthold Tenancy for a term of 6 months from 18/02/2013	£12,000 (2)	(17/08/2013)
Totals		158.00 sq m (3)	(1,700 sq ft) (3)			£47,000
INDIVIDUAL	Assured Shorthold Tenancy for a term of 6 months from 18/02/2013	£12,000 (2)	(17/08/2013)	Totals		158.00 sq m (3)	(1,700 sq ft) (3)	£47,000
Totals		158.00 sq m (3)	(1,700 sq ft) (3)			£47,000

(1) For the year ending 31st January 2012, Sportswift reported a turnover of £254,346,000, pre-tax profits of £56,206,000 and a total net worth of £130,318,000. (Source: www.riskdisk.com 22/02/2013) Card Factory is the trading name of Sportswift Limited. Founded in 1997, Card Factory now operate from over 650 stores throughout the UK. (Source: www.cardfactory.eu.com 22/02/2013)
(2)The rent has been annualised.
(3)The floor areas are stated on the lease plans within the commercial lease.