17 Montague Road, Croydon, Surrey, CR9 3DU
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- SIZE
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- SECTOR
Mixed use property for sale
Key features
- A prominent industrial site amounting to 0.23 acres split across two parts
- Part A let on new FR&I lease for 5 years commencing on 28/06/24 at £40,000 p.a.
- Part A comprises an MOT Centre 1,653 sq ft, open yard 3,724 sq ft.
- Part B let on a new FR&I lease for 5 years with mutual option to break any time
- Part B comprises office across ground (1,808 sq ft) & 1st (408 sq ft)
- Part B has a positive pre-app for a residential re development
Description
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.
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.
17 Montague Road, Croydon, Surrey, CR9 3DU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- West Croydon Station0.2 miles
- Centrale Tram Stop0.3 miles
- Reeves Corner Tram Stop0.4 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
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