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308 Thornton Rd - Lombard Roundabout 1,511 SF Medical Condo Unit Offered at $600,609 in Croydon CR0 3JP
EXECUTIVE SUMMARY
The property is situated in a very prominent location at the Lombard roundabout on the A23 where Purley Way, Thornton Road, and Mitcham Road meet. The property forms part of the ground floor of a residential development sited on this major traffic route. There is a high level of vehicular traffic passing this visible site, which is located within a high-density residential area in the London Borough of Croydon.
PROPERTY FACTS
| Total Building Size | 33,740 SF | Typical Floor Size | 1,511 SF |
| Property Type | Retail (Condo) | Year Built | 2017 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 0.34 AC |
| Floors | 4 |
| Total Building Size | 33,740 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 1,511 SF |
| Year Built | 2017 |
| Tenancy | Single |
| Lot Size | 0.34 AC |
AMENITIES
- Energy Performance Rating - D
- Storage Space
1 UNIT AVAILABLE
Unit 308
| Unit Size | 1,511 SF | Sale Type | Investment |
| Price | $600,609 | Tenure | Long Leasehold |
| Price Per SF | $397.49 | Cap Rate | 9.57% |
| Condo Use | Medical | NOI | $57,478.25 |
| Unit Size | 1,511 SF |
| Price | $600,609 |
| Price Per SF | $397.49 |
| Condo Use | Medical |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 9.57% |
| NOI | $57,478.25 |
DESCRIPTION
The property comprises a ground floor commercial unit, extending to approximately 1,511 sq ft (140 sq m) with prominence and frontage to the A23.
The unit forms part of a development comprising 21 residential apartments above. The unit has been fitted out by the tenant.
NEARBY MAJOR RETAILERS
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308 Thornton Rd - Lombard Roundabout
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