Home > Auctions > 23 & 24 July 2024 23 July 2024 - 9:30am > Lot 77

23 & 24 July 2024: Tuesday 23 July 2024 - 9:30am
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    Key features

    • To be offered on Tuesday 23 July
    • A prominent industrial site (B2 and B8) amounting to 0.23 acres split across two parts 
    • Part A is let on a new FR&I lease for 5 years commencing on 28/06/24 at a rent of £40,000 p.a. 
    • Part A comprises an MOT Centre (1,653 sq ft), with the benefit of open yard used as car storage of (3,724 sq ft.)
    • Part B is let on a new FR&I lease for 5 years with mutual option to break at any time (2 months notice), with a passing rent of £8,000 p.a. 
    • Part B currently comprises split level office across ground (1,808 sq ft) & 1st (408 sq ft) floors.
    • Part B has a positive pre-app for a residential re development of 5 x three bedroom houses. 

    Description

    Property extends 0.23-acres (926sqm), offering a mix of accommodation divided as follows; open storage (6,997sqft), warehouse (2,680sqft) and office space (1,086sqft).

    Site is split into two parts (Part A & B), which has been clearly labelled on the cover image.

    Both parts are occupied by the same tenant (W. Shirley and Sons Ltd) who have occupied the site for over 45-years.

    Total income is £48,000 p.a. however 2 separate leases are granted. Part A produces £40,000 p.a. and is straight 5 year term. Part B is let for £8,000 p.a. and offers a break provision at anytime with 2 months written notice required.

    Part B benefits from residential development potential with a positive pre-app for 5 x 3 bedroom houses. The break allows a buyer to redevelop on grant of PP.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Rent

    £48,000 p.a.

    Notes

    Joint Auctioneer

    Chris Henshall

    Email: chris@henshallandpartners.co.uk

    Telephone: 07772 775130


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

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        Local information

        The unit is on the outskirts of Beddington Industrial Estate occupied by a range of local and national occupiers. There is also a dense residential population locally, which will appeal to distribution and trade counter businesses. Property is situated prominently along Parsons Mead on the corner with Montague Road. Site located next to the A23 providing excellent road links from the M25 and into Central London (under 10 miles). West Croydon train station is an approx. 0.2 miles from the property providing direct trains to London Bridge in under 20 minutes.

        Property is situated on corner of Montague Road and Parsons Mead and is just a 7 minute walk to West Croydon station, providing direct links into London Bridge (under 20 minutes). Site offers valuable open storage with a mix of office and workshop accommodation.

        Transport

        West Croydon Train Station - London Overground and Southern Rail

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        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.

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