Vulcan Way - Meridian Centre 3,402 SF Industrial Condo Unit Offered at $562,422 in Croydon CR9 0DB
INVESTMENT HIGHLIGHTS
- Opportunity to acquire self-contained commercial unit in the Vulcan Way trading estate in New Addington.
- The property benefits from air-conditioning, a roller shutter and 3 allocated parking spaces.
- The property is arranged as ground and first floor office accommodation with a mezzanine under the Northlight roof providing additional office space
EXECUTIVE SUMMARY
Opportunity to acquire self-contained commercial unit in the Vulcan Way trading estate in New Addington. The property is arranged as ground and first floor office accommodation with a mezzanine under the Northlight roof providing additional office space/storage. The property benefits from air-conditioning, a roller shutter and 3 allocated parking spaces. LOCATION Situated on Vulcan Way in New Addington approximately 5 miles South-East of Croydon and less than 10 minutes drive from Biggin Hill Airport. It is well positioned for access to the national motorway network (M25/M23). New Addington Tram Stop is approximately 15 minutes walk away
PROPERTY FACTS
| Price | $562,422 |
| Unit Size | 3,402 SF |
| No. Units | 1 |
| Total Building Size | 36,948 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Distribution |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 28,262 SF |
| Year Built | 1960 |
| Lot Size | 12.58 AC |
AMENITIES
- Energy Performance Rating - D
- Automatic Blinds
- Storage Space
- Air Conditioning
UTILITIES
- Heating
1 UNIT AVAILABLE
Unit 3
| Unit Size | 3,402 SF |
| Price | $562,422 |
| Price Per SF | $165.32 |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
DESCRIPTION
The available space comprises a mid terrace light industrial property, with large first floor mezzanine level. Vehicular access is available to the front elevation, along with a trade counter.
The property is available with vacant possession for sale at offers in the region of £180,000.
SALE NOTES
PRICE : £425,000.
TENURE : 999 year lease from 1987. Fixed ground rent of £33 per annum is payable to the freeholder.
