89 Lower Addiscombe Rd - Restaurant FOR SALE


Croydon, LND CR0 6PT
$300,000 USD
203-974-1093
89 Lower Addiscombe Rd, Croydon, LND for Sale
$300,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

89 Lower Addiscombe Rd
Croydon, LND CR0 6PT


HIGHLIGHTS

  • High footfall
  • Good frontage
  • East Croydon Station is less than 15 minutes walk away
  • Long term income stream with 5 yearly rent reviews.
  • Basement, Rear yard, Kitchen, Rear access

OVERVIEW

Opportunity to purchase a freehold investment in a prominent position on the busy Lower Addiscombe Road. The ground floor is occupied and used as a restaurant benefitting from a large seating area over ground floor and basement, plus a good-sized kitchen leading to a rear storeroom, yard area, and rear access to Warren Road. The flats above are sold off on long leases. Ground floor and basement let to the restaurant Les Calices, on a 20 year lease beginning 1st December 2017 and expiring 31st November 2037. Rent review every 5th anniversary and currently producing £20,000 pax. 1st floor flat is sold off on a long lease and has reversionary potential with 64 years unexpired. Ground Rent of £250 is payable per annum. 2nd floor flat is sold off on a long lease with 190 years unexpired. Ground rent of a peppercorn is payable per annum.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

500 AC

LAND SF

21,780,000 SF

ZONING

-

APN/PARCEL ID

SY323311

ASK ABOUT THIS PROPERTY

Michael AngusHuggins Stuart EdwardsMore Info
203-974-1093

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Michael AngusHuggins Stuart EdwardsMore Info
203-974-1093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.