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241-245 Lower Addiscombe Rd 3,020 SF Retail Condo Unit Offered at $854,333 in Croydon CR0 6RD
Investment Highlights
- Prominent double-fronted retail premises with strong visibility along Lower Addiscombe Road.
- Surrounded by a mix of national and independent retailers that generate regular footfall.
- Short-stay metered parking is available immediately outside the property.
- Located adjacent to Addiscombe Tramlink, providing convenient public transport access.
- Wide frontage offers excellent signage and customer display opportunities.
Executive Summary
The property benefits from strong pedestrian activity generated by a mix of national and independent retailers nearby, including Sainsbury's Local, Boots and Greggs. Short-stay metered parking is available directly outside, supporting convenient customer access. Internally, the accommodation comprises a substantial open retail area with ancillary accommodation and kitchen facilities to the rear, offering flexibility for a range of retail, showroom, service, leisure, health, wellness, or professional occupiers within Use Class E. The wide frontage provides excellent branding and display opportunities, while the established commercial setting offers immediate trading potential in a busy and well-connected location.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
Internally, the accommodation comprises a substantial open retail area with ancillary accommodation and kitchen facilities to the rear, offering flexibility for a range of retail, showroom, service, leisure, health, wellness, or professional occupiers within Use Class E.
Sale Notes
Fully let retail investment opportunity in a prominent Croydon location. The property comprises a substantial double-fronted retail unit let on a lease producing £45,000 per annum, with three residential flats above held on separate long leaseholds. Positioned close to Addiscombe Tramlink and surrounded by established occupiers including Sainsbury's Local, Boots and Greggs, the asset benefits from strong visibility, excellent transport links and potential future asset management opportunities, subject to planning permission. Offers are invited in the region of £635,000.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 243-245 | 3,020 SF | Retail | $854,333 ($282.89/SF) | - |
Unit 243-245
| Unit Size |
| 3,020 SF |
| Condo Use |
| Retail |
| Price |
| $854,333 ($282.89/SF) |
| NOI |
| - |
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Unit 243-245
| Unit Size | 3,020 SF |
| Condo Use | Retail |
| Price | $854,333 ($282.89/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| Internally, the accommodation comprises a substantial open retail area with ancillary accommodation and kitchen facilities to the rear, offering flexibility for a range of retail, showroom, service, leisure, health, wellness, or professional occupiers within Use Class E.</li></ul> | |
| Sale Notes | |
| Fully let retail investment opportunity in a prominent Croydon location. The property comprises a substantial double-fronted retail unit let on a lease producing £45,000 per annum, with three residential flats above held on separate long leaseholds. Positioned close to Addiscombe Tramlink and surrounded by established occupiers including Sainsbury's Local, Boots and Greggs, the asset benefits from strong visibility, excellent transport links and potential future asset management opportunities, subject to planning permission. Offers are invited in the region of £635,000.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 3,869 SF | Typical Floor Size | 3,869 SF |
| Property Type | Retail (Condo) | Year Built | 1950 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.09 AC |
| Building Class | B | Parking Ratio | 1.7/1,000 SF |
| Floors | 2 |
| Total Building Size | 3,869 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 3,869 SF |
| Year Built | 1950 |
| Lot Size | 0.09 AC |
| Parking Ratio | 1.7/1,000 SF |
Amenities
- Storage Space
1 1
Nearby Major Retailers
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241-245 Lower Addiscombe Rd
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