1 March 2023: Wednesday 01 March 2023 - 9:00am
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Floorplan
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    Key features

    • Entire building Investment let at £21,000 p.a.
    • Asset management potential to increase the passing rent (subject to negotiations with the existing or new tenant)
    • 2 Bedroom maisonette in the upper floors
    • Current tenant holding over - Let on FRI lease for 15 years from 25/12/2005
    • An approx. 142.97 sqm (1,539 sq ft)
    • Development potential to add an additional storey (subject to the requisite consents)
    • Church Street Tram stop located an approx. 45 metres from the property

    Description

    The property comprises of a mixed use investment with retail space on the ground floor and a two bedroom self contained maisonette flat on the upper 2 floors.

    The ground floor unit is currently being used as a barbers, The flat is accessed separately via an external stairway from a rear courtyard.

    Nearby occupiers include Lidl (Opposite), Mc Donald's, Pound Stretcher and Argos as well as a wide range of independent retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that the floor areas have been provided by the client and the property has not been inspected by Savills. The property is believed to comprise of the following


    Ground Floor - Retail sales area, storage room and WC - an approx. 513 sq ft

    First Floor - Kitchen/living area and Bedroom

    Second Floor - Bedroom and Bathroom


    Tenancy

    79 Church Street

    • Entire property let to a private individual
    • FR&I lease for 15 year lease from 25/12/2005 - currently holding over
    • Investment let at £21,000 p.a.

    Rent

    £21,000 p.a.

    Notes

    Joint Auctioneer


    Panayiotis Themistocli

    panayiotis.themistocli@agg.uk.com

    M: 07973 856 232


    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated in the heart of Croydon and located at the junction of Church Street and Old Palace Road.

      Croydon 'Old Town' and High Street is located within close proximity of the property.

      Church Street Tram Stop - an approx. 45 metres from the property.

      West Croydon Station - an approx. 0.4 miles from the property.


      Transport

      Church Street Tram Stop - Tramlink services

      West Croydon Station - Overground and National rail services


      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums