Retail premises for sale

Church Street, Croydon CR0

Location
The property is located on the corner of Church Street
and Frith Road, in Croydon’s town centre. Church
Street benefits from good passing trade due to its close
position to Surrey Street, which is a market street that
has been operating as a daily market dating back 700
years.
Nearby occupiers include: Kfc, Savers, Iceland, Shoezone, PureGym, Holiday Inn, Forbidden Planet
and McDonalds amongst others.
Description
The unit is arranged over ground floor only and benefits
from good ceiling height.
Tenure
Circa 966 years sub long leasehold at a peppercorn
ground rent.
Tenancy
A 10 year lease from 14th January 2019 to Savers
Health and Beauty Ltd at a passing rent of £80,000
pax. The rent review in 2024 was not implemented.
Tenant Covenant
Saver’s Health and Beauty Limited (co no 02202838)
Year end December 2024
Turnover - £791,310,000
Pre tax profit - £69,328,000
Net Assets - £159,068,000
Price
Offers in excess of £1,050,000 for the long leasehold
interest, which represents a Net Initial Yield of 7.20%
after deducting purchaser’s costs.
It is also possbile to acquire the supermarket unit next
door (20 Church Street), more information is available
on request.
VAT

The premises are elected for VAT.
EPC

B-34.