Land for sale

502 London Road, Thornton Heath, London CR7

Unbroken mixed use freehold for sale comprising ground floor retail with two one bedroom flats Potential for extension and conversion STP. - Fully let.

Description

A prominent three-storey mixed-use freehold positioned on London Road, close to Croydon University Hospital. The property comprises a ground-floor retail unit with rear vehicular access and garage/store accommodation, together with two self-contained one-bedroom flats above.

The retail accommodation extends to approximately 92.82 sq m (999 sq ft). The upper parts comprise two one-bedroom flats of approximately 45.64 sq m (491 sq ft) and 46.78
sq m (504 sq ft), respectively, plus a communal stairwell.

Location

Situated on the prominent London Road (A23) in Thornton Heath, 502 London Road benefits from a highly visible and well-connected South London position. The A23 provides a direct arterial route between Central London, Streatham, Norbury, Thornton Heath and Croydon, making the location convenient for customers, staff and service providers travelling from across the wider area.

Thornton Heath town centre, with its mix of independent retailers, national operators, cafés, banks and everyday services, is within easy reach. Croydon town centre and Croydon University Hospital are also readily accessible, supporting a substantial surrounding residential and commercial catchment.

Thornton Heath railway station is nearby and is served by regular rail services towards London Victoria, London Bridge, Clapham Junction, East Croydon and Sutton. Local bus services provide further connections across Croydon and South London, including routes 50,198,250,450,663 and N250.

Tenancy Schedule & Income

Ground floor: Leased from 30 Jan 2024 – 29 Jan 2029 with a passing rent of £24,000 pa
Flat A: Let on a single apt at £1,200 pcm
Flat B: Let on a single apt at £1,200 pcm
Total combined £52,800 pa

Terms

Guide Price £575,000

Portfolio

This unit forms part of a portfolio disposal that is available as individual lots or as one - The brochure will show all available units (Industrial & retail)

Viewing

Contact sole agents Christopher St James