Mitcham Road, 128-130 Mitcham Road, Croydon

LOCATION

 

The premises are situated on the busy A236 Mitcham Road approximately 1 mile north west of Croydon town centre in a predominantly residential area but with some modern Council housing nearby together with a small local shopping parade.

 

DESCRIPTION

 

Probably originally constructed as a pair of semi-detached houses or shops built around the turn of the last century, and now converted to office accommodation at ground and first floor levels. There are ground floor storage areas in an attached building at the rear.

 

The property is currently arranged as a range of reception and private office rooms, meeting rooms, stores, kitchen and ancillary over the two floors as shown in the existing use floorplan to suit the current owner occupiers business needs. The trading business has now been sold and is being relocated so our Landlord client is now looking to relet or sell the building.

 

Ground and first floor offices with ground floor storage building to the rear. There are car parking spaces on forecourt and at the side of the building.

THE OPPORTUNITY

 

Our Client is open to reletting the premises or sale of the freehold interest with full vacant possession either for continuing commercial use or for redevelopment to a residential scheme. In looking at strategy our client has appointed Architect to advise on what residential schemes may be acceptable to the LA and most deliverable both for conversion and remodelling of the current building and also demolition and new build. Options for a scheme of new built houses has been considered . Our client would rather sell than develop the site himself.

 

ACCOMODATION

Approximate measurements are as follows:

 

Floor

Sq Ft

Sq M

Ground Floor Offices

879

81.67

Kitchen

54

5.02

Internal Storage

264

24.53

First Floor Offices

894

83.06

Shower Room

57

5.30

External Storage

567

52.68

Total Offices

1,884

175.03

Internal Storage

264

24.53

External Storage

567

52.68

 

PLANNING

   

The premises has operated for many years first as an office under the current ‘E’ use class and no planning applications have yet been submitted for alternative uses.

 

Our Client has had the option of two or three schemes drafted which can be sharded if this of interest to a prospective purchaser.

 

RENT & LEASE TERMS

 

A NEW LEASE can be offered for a term and rent review pattern to be agreed, with our client having a ten year term in mind at a commencing rent of £29,500 per annum exclusive, subject to contract.

 

FREEHOLD SALE

 

For a freehold sale our client wishes to sell by way of a share sale of the holding Company which may be an advantage to a buyer, subject to contract and full vacant possession at Offers in the region of £500,000.

 

VAT

 

We are advised the premises are not elected for VAT.TO BE CONFIRMED

 

LEGAL COSTS

 

Each party are to bear their own legal costs in the transaction for either a letting or sale.

 

BUSINESS RATES

 

From internet enquiries only the business rate assessment is as follows:

Rateable Value                           £21,750

Uniform Business Rate                £0.49.9 (1 April 2026)

 

Interested parties should verify this information and any transitional adjustments prior to entering into any contract

 

EPC

 

A new EPC is being commissioned.

 

VIEWING

 

Strictly by appointment with the Landlord’s Agents: Robinsons, telephone 01737 229200

• OPPORTUNITY TO PURCHASE A TWO STOREY DETACHED OFFICE BUILDING WITH OFF STREET PARKING AND REAR STORE – Ideal for owner occupier
• Versatile for many uses under existing ‘E’ Use Class
• Fronts the busy A236 Mitcham Rd for business branding
• Options exist for residential redevelopment STPP
• Off street parking