£695,000
(£204.41/sq. ft)
Retail premises for saleWelcome Southern Co-Op, 3 Fell Road, Queen's Quarter, Croydon CR0
3,400 sq. ft
About this property
Retail investment located within the Queen's Quarter Development in Croydon town centre, a popular London commuter town, approximately 9.5 miles south of Central London
Occupied by Jay Retail Ltd (t/a Southern Co-Op) on a 15-year lease from January 2024, with a current passing rent of £50,000 per annum
The property has a gross internal floor area of 3,400 square feet (316 square metres)
Offers are invited in excess of £695,000, which represents a gross yield of 7.2%
EPC Rating - A
Location
The property is located within Block 3 of the new Queen's Quarter development, a thoughtfully designed neighbourhood in Croydon town centre.
The development fronts onto The Queen’s Gardens, a revitalised community green space, comprising vast lawns, trees, a large children’s play area with benches, and a sunken garden area with flower beds.
Queen's Quarter also benefits from exceptional connectivity to London and beyond. Situated just moments from East Croydon station, it is one of the busiest public transport interchanges in the UK. Regular services provide direct access into London Victoria Station (17 minutes) and London Bridge Station (13 minutes), which in turn link to the London Underground networks. Three local tram routes and several bus routes are also available adjacent to the development.
Please note all times and distances given are approximate only.
Description
The property is arranged over ground floor only. The property has a gross internal floor area of 3,400 square feet (316 square metres).
Please note that the sizes given are approximate only and have been taken from plans provided from by the seller. All interested parties are advised to rely on their own inspection and survey.
Tenancy
The property is let to Jay Retail Ltd (t/a Southern Co-Op) on a 15-year lease from January 2024, with a current passing rent of £50,000 per annum. There is a cpi linked rent review in 2029 and 2034.
Tenure
The property is held on a 250-year lease from August 2019 with no ground rent payable.
Vat
The property is elected for VAT.
Terms
Offers are invited in excess of £695,000, which represents a gross yield of 7.2%.
Viewings
Viewings are strictly by appointment through sole agents Harston&Co.
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