LEASEHOLD INTEREST

The premises consist of ground floor retail/banking hall with first floor office and ancillary space. There is also basement storage and a car park to the rear with 4 allocated spaces. The property has a non-traditional retail frontage and 4 steps up to the entrance, along with a ramp. Tenure The property is held on an existing FRI lease expiring 03/07/2026 at a passing rent of £42,500 per annum exclusive, with a break option on 04/07/2021. A rent review will take place on 25/03/2019. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act (1954). Consideration Offers invited on the basis of an assignment of the whole, or a sub-lease, at a passing rent of £42,500 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £43,500.00 and the rates payable are £20,271.00 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Thornton Heath is a district of South London situated in the London Borough of Croydon. The property is located opposite Thornton Heath railway station, which operates a direct train service to London Victoria taking just 23 minutes. Surrounding retailers include Coral, Iceland, Superdrug and William Hill. There are also a number of independent retailers nearby.

Sizes and Measurements

Total Size

4,207sqft

Sales Area

2,126sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,126sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

615sqft

Status

Available

Available from

Immediately

First Floor

Details

Non-Sales

Size

1,466sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

03/07/2026

Rent Review Cycle

5

Next Lease Break

04/07/2021

Lease type

Assignment

For rent

£42,500/pa

UBR

46.6p

Ratable Value

£43,500.00

Business Rates

£20,271/pa

Specification

  • Former Bank premises – A1, A2 & B1uses permitted
  • Flexible lease terms available on request

Floorplan

THORNTON HEATH GOAD

Photos

THORNTON HEATH BARCLAYS SHOP FRONT

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