Property photos
Just added
Offers in region of
£3,400,000
(£169.58/sq. ft)
Office for sale
High Street, Croydon CR020,049 sq. ft
Local area information
Property location
Nearby amenities
- Old Palace of John Whitgift School 0.2 miles
- Krishna Avanti Primary School 0.3 miles
- East Croydon 0.4 miles
- West Croydon 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Bedford Park, South Croydon and Croydon to find out more about the local area.
Features and description
Croydon is one of London's leading business, financial and cultural centres, with excellent connections.
Metropolitan House occupies a prominent position on the High Street close to the Vue Cinema, in the prime restaurant/dining area, with several pubs close by and nearby occupiers including Five Guys, Nandos, Sainsburys Local, Milletts, Toni & Guy, Nat West and bupa.
Mixed use investment comprising a restaurant and a retail unit with four floors of offices over, providing 20,049 sq ft of accommodation
Excellent occupational history, and fully let except for a small storage area, with seven occupational tenants on ten leases, producing a total £345,012 pa.
Low base rents of £42.17 za and £31.95 za on the two retail units and an average £23.50 psf on the office suites. The WAULT to lease expiries is 7.72 years and 5.78 years to breaks.
A fixed rental increase due in June 2026 on Suite 5 and rpi rental increase on Suite 7 in April 2026, as well as the prospect of letting the vacant storage suite.
Prime office rents are being quoted at £39.50 psf, which together with the loss of office space to residential in Croydon indicate considerable rental growth potential.
EPC ratings are all A or B, providing mees compliance and excellent sustainable credentials.
Whilst sought after as an office, the building has a significant underpin for residential conversion.
Proposal
Offers sought in the region of £3,400,000 subject to contract and exclusive of VAT which will show a purchaser an attractive net initial yield of 9.53%, and a low capital cost of £169.58 per sq ft overall including the retail elements.
Metropolitan House occupies a prominent position on the High Street close to the Vue Cinema, in the prime restaurant/dining area, with several pubs close by and nearby occupiers including Five Guys, Nandos, Sainsburys Local, Milletts, Toni & Guy, Nat West and bupa.
Mixed use investment comprising a restaurant and a retail unit with four floors of offices over, providing 20,049 sq ft of accommodation
Excellent occupational history, and fully let except for a small storage area, with seven occupational tenants on ten leases, producing a total £345,012 pa.
Low base rents of £42.17 za and £31.95 za on the two retail units and an average £23.50 psf on the office suites. The WAULT to lease expiries is 7.72 years and 5.78 years to breaks.
A fixed rental increase due in June 2026 on Suite 5 and rpi rental increase on Suite 7 in April 2026, as well as the prospect of letting the vacant storage suite.
Prime office rents are being quoted at £39.50 psf, which together with the loss of office space to residential in Croydon indicate considerable rental growth potential.
EPC ratings are all A or B, providing mees compliance and excellent sustainable credentials.
Whilst sought after as an office, the building has a significant underpin for residential conversion.
Proposal
Offers sought in the region of £3,400,000 subject to contract and exclusive of VAT which will show a purchaser an attractive net initial yield of 9.53%, and a low capital cost of £169.58 per sq ft overall including the retail elements.
More information
Listed by
Estate Office
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