June 2021: Wednesday 02 June 2021 - 9:00am
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    Key features

    • An attractive three storey office of approximately 3,450 sq ft
    • Ground floor let at £24,000 per annum with mutual break option
    • First and second floors vacant
    • Planning submitted for change of use from offices to dwellings (two x 2 bedroom flats, three x one bedroom flats)
    • Front car parking area for about 6 cars
    • Convenient location near town center, station, Fairfield Halls Entertainment and Conference Center and Park Hall Park

    Description

    An attractive good size three storey office building with ground floor rear extension.

    The interior which has gas central heating and part double glazing is presented in reasonable decorative order.

    Front car parking area for about six cars

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Six Offices, Two Kitchens, Two Separate W/Cs

    Total Gross External Area Floor approximately 1830 sq ft


    First Floor - Three Offices, Kitchenette, Male & Female W/Cs

    Total Gross External Floor Area approximately 1010 sf ft


    Second Floor - Three Offices

    Total Gross External Area Floor approximately 700 sq ft


    Total Gross External Floor Area approximately 3,540 sq ft


    Tenancy

    Ground Floor (No 79) - Let on a lease (excluding sections 24-28 of the Landlord and Tenant Act 1954) for a term of 20 years from 8th March 2017 at a rent of £24,000 per annum. Rent reviews every 4 years.

    Mutual break option every 4 years

    Planning

    An application (Ref PP09814634v1JQW) has been submitted to the London Borough of Croydon for change of use from offices to dwellings with rear extension.


    The proposed development would comprise 3 x one bedroom flats ( of approximately 768 sq ft, 541 sq ft, 545 sq ft) on the ground floor and 2 x two bedroom flats (of approximately 767 sq ft, 663 sq ft) on the first and second floors.

    Rent

    £24,000 per annum plus vacant possession of the first and second floors (No 79A)
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      Local information

      Well situated on the east side of Park Lane between the junctions of Woodstock Road and Beech House Road

      Local shops, cafes and restaurants along High Street and South End are close by.

      The retail and commercial center of Croydon is conveniently nearby.

      The leisure ares of Park Hall Park and the Fairfield Halls Entertainment and Conference Center are easily accessible.

      The A232 provides good road links to the A23, M25 and M23.

      Transport

      National Rail - East Croydon (Victoria 20 mins), West Croydon

      Overground - West Croydon

      Tram - George Street

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      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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