The bank is mainly situated over ground floor, which was used as the main banking hall and ancillary space, with a basement for storage. Tenure The property is held on an existing FRI lease due to expire 05/03/2028. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £170,000 pa. Rates We understand from the VOA website that the current Rateable Value of the shop is £128,000 and the rates payable are £64,512. The UBR for 2019/20 is 50.40p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.Less
Croydon, located in south London, is one of the largest commercial districts outside of Central London, with a large shopping area and night time economy. The subject property is located on George Street, which benefits from heavy footfall as it lies between East Croydon Station and the main town centre on North End.