13 Imperial Way Croydon Surrey CR0 4RR

13 Imperial Way
Croydon
Surrey
CR0 4RR

Freehold Industrial Investment

Entirely let on a new 10 year lease to Bay Bal Specialist Coating Ltd until 2023.
Tenant in occupation since 2008.
Approximately 597.90 sq m (6,436 sq ft).
Situated in an established industrial/trade counter location.
Nearby occupiers include Ford, Volkswagen, Brewers, Toyota and Costco.
Six Week Completion

Lot
55
Auction
17th October 2013
Status
Sold
Price
£490,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Industrial Investment

Entirely let on a new 10 year lease to Bay Bal Specialist Coating Ltd until 2023.
Tenant in occupation since 2008.
Approximately 597.90 sq m (6,436 sq ft).
Situated in an established industrial/trade counter location.
Nearby occupiers include Ford, Volkswagen, Brewers, Toyota and Costco.
Six Week Completion

Lot 55
Auction 17th October 2013
Status Sold
Price £490,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 13 miles south of Central London
Roads: A23, A22, A232, M25 (Junction 6, 7 & 8)
Rail: East Croydon (14 mins to London Bridge 16 mins to London Victoria)
Air: London Heathrow, London Gatwick

Situation

The property is situated on the east side of Imperial Way in a well located industrial/trade counter area adjacent to the A23 (Purley Way). Neighbouring occupiers include Ford, Volkswagen, Brewers, Toyota and Costco.

Tenure

Freehold.

Location

Miles: 13 miles south of Central London
Roads: A23, A22, A232, M25 (Junction 6, 7 & 8)
Rail: East Croydon (14 mins to London Bridge 16 mins to London Victoria)
Air: London Heathrow, London Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a light industrial unit with ground floor office and warehouse accommodation. Internally the property has been subdivided to form three self-contained units. The property benefits from a front yard and marked on-site car parking for approximately 10 cars.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Review
Front Unit Rear Right Unit Rear Left Unit	Ground Ground Ground	Office Workshop Office	393.99 sq m 86.95 sq m 116.96 sq m	(4,241 sq ft) (936 sq ft) (1,259 sq ft)	BAY BAL SPECIALIST COATING LTD (1) (2)	10 years from 01/08/2013 until 2023 on a full repairing and insuring lease	£60,228 (3)	01/09/2018
	Totals		597.90 sq m	(6,436 sq ft)			£60,228

(1) Bay Bal Specialist Coating Limited was incorporated in 1985 and has been in occupation of the premises since 2008.
(2) The rear units have been sublet.
(3) The Seller is holding a rent deposit of £15,072.