Convenience Store/Retail Investment For Sale, 2-4 Parchmore Road, Thornton Heath, CR7 8LU

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Large corner ground floor premises let to an independent convenience store business. We understand that the premises has an ‘E’ Use Class, which allows for alternative planning uses without the need for a change of use.

Long Leasehold, 999 years from November 2009 with a ‘peppercorn’ ground rent, with the benefit of a 20 year lease from September 2022 at a passing rent of £40,000 per annum, with 5 yearly rent reviews. VAT is applicable, but the sale can be treated as a T.O.G.C. (Transfer of a Going Concern).

Situated in a prominent position on the corner of Parchmore Road (B273) and High Street (B266), in Thornton Heath, near Croydon.
Neighbouring occupiers include; Tesco Superstore, Paddy Power, Costa Coffee, Poundland, Subway, Superdrug, Energie Fitness, Mirch Masala, Greggs and Brewers, as well as other independent and local traders.

Thornton Heath mainline railway station is almost opposite the premises, providing services to London Victoria, London Bridge, East Croydon, Caterham, Sutton and Epsom. There are also buses serving the area located on Parchmore Road.

Contact us for further information: www.jamescommercial.co.uk