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Status Withdrawn Post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
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.
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.
