Croydon - 74-80 North End

Prominent, Greater London Retail and Office Investment with Significant Asset Management Potential

Location:

The subject property is located on a 100% prime retail pitch on the eastern side of the pedestrianised North End.

The property is located between the respective entrances of the Centrale and Whitgift Shopping Centres. Occupiers in the vicinity include H&M, Zara, McDonalds, Next and Office.

  • Description

    The subject property is an attractive, prominent building fronting North End, which constitutes two distinct sections, 80 North End and 74-78 North End. The building comprises three well-proportioned retail units arranged over ground and basement floors let to Deichmann, Game and Vodafone (currently unoccupied). Deichmann also have a small amount of ancillary space at first floor level, to the rear of the building. There are three upper floors currently utilised as office accommodation which benefit from a separate access fronting onto North End. The first, second and third floors at 74-78 North End is occupied by Atkins Hope, family and civil solicitors practice, while the first, second and third floors at 80 North End is let to Oasis Dental Care (part 1st, 2nd and 3rd floors) and Croydon Chiropody and Podiatry Centre (part 1st floor). The upper floors only cover a small section of the ground floor, leaving a large section of flat roof to the rear which is unutilised and may lend itself to further development (subject to planning permission). 

  • Tenure

    Freehold.

  • Tenancy (ies)

    Please refer to the tenancy schedule.

  • Current Rent PAX

    £564,800

  • Service Charge

    There is a fully comprehensive service charge currently in place. A copy of the current budget is available on request, which at present produces a landlord shortfall of £3,101 pax. 

  • Price

    £10,250,000 (Subject to Contract and exclusive of VAT )

  • Yield

     5.15%

MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.

All viewings are strictly by prior appointment.
Please contact:

Ed Smith
Patrick Over
David Freeman
Simona Malinova