Lot 4 details
ON BEHALF OF EXECUTORS
6 Week completion
Located close to the junction with Holmstead Way within this local shopping parade, opposite Milne Park, serving the surrounding residential area.
New Addington is located some 4 miles south-east of Croydon and 15 miles south of central London with good road links via the M25 (Junction 6) to the south.
A mid terraced building comprising a Ground Floor Shop with separate front access to a Self-Contained Flat on the first floor. In addition, the property includes a 40' Rear Garden which is accessed from the shop.
VAT is NOT applicable to this Lot
Ground Floor Shop
Gross Frontage 28'5"
Internal Width 20'9"
Shop Depth 29'0"
Built Depth 45'3"
Sales Area Approx. 600 sq ft
First Floor Flat
3 Bedrooms, Living Room, Dining Room,
(GIA of Flat Approx. 890 sq ft)
The entire property is let on a full repairing and insuring lease to Martin McColl Limited (having approx. 1,650 branches) (T/O for Y/E 27/11/16 £518m, Pre-Tax Profit £25.6m and Shareholders' Funds £160.3m) for a term of 10 years from 1st February 2015 at a current rent of £11,250 per annum exclusive.
Rent Review February 2020
Tenant's Break January 2020