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942, 942A and 942B Brighton Road, Purley, Croydon, CR8 2LP
Guide Price* : £650,000 plus
FREEHOLD INVESTMENT OPPORTUNITY
- Retail and Residential Investment
- Freehold
- Ground Floor Retail Accommodation
- Two 2-Bedroom Upper Floor Flats
- Currently Producing £45,000 Per Annum
Description
The property comprises a mid-terrace, three-storey mixed use premises with ground floor retail accommodation with two residential flats above.
Internally, the ground floor space comprises retail accommodation with a large sales room , a secure vault, and smaller office space to the rear and is approximately 138.52 sq m (1,491 sq ft) currently let to *Lloyds Bank on a lease expiring in July 2024 at a rent of £23,700 per annum.
The first floor provides a flat having a kitchen, bathroom, two bedrooms and living room and is let to a private individual under the terms of an Assured Shorthold Tenancy Agreement from 31/12/2012 at a rent of £9,300 per annum.
The second floor flat includes a kitchen, bathroom, two bedrooms and living room and is let to a private individual under the terms of an Assured Shorthold Tenancy Agreement from 28/01/2022 at a rent of £12,000 per annum.
The property sits on a site of approximately 0.056 acres (0.022 hectares).
Location
The property is located on the west side of Brighton Road, a busy position adjacent to the High Street within the centre of Purely, close to the A22 to the south and A23 to the north. Surrounding properties are typically ground-floor retail, with residential flats above. Local amenities include primary and secondary schools, supermarkets, pubs, restaurants, Purely War Memorial Hospital, and Purely multi-storey car park. The property is located approximately 0.2 miles northwest of Purely Train Station, which provides commuter links to London Bridge, Blackfriars and Victoria in under 30 minutes.
Purley is a town in South London within the Borough of Croydon 13 miles south of London, the station is a short walk from the premises and has a direct service to London Victoria in 25 minutes. Nearby occupiers include Oxfam, H&B, Costa Coffee and a number of local independent retailers.
Tenure
Freehold under Title Number SGL245124.
Tenancy
*We understand Lloyds Bank are not currently in occupation and the property is on the market with a third party agent ‘to let’ by way of a lease assignment. We understand they are paying rent.
Planning Authority
Croydon Council - www.croydon.gov.uk
VAT
Refer to the legal documentation
Energy Performance Certificate
942 Brighton Road - D77
942A Brighton Road - E51
942B Brighton Road - E46
Accommodation
| Floor | Use | SQ M | SQ FT | Tenant | Lease Terms | Rent £ PA |
|---|---|---|---|---|---|---|
| Ground Floor | Retail | 138.52 | 1,491 | Lloyds Bank Plc* | FRI Expiring July 2024 | £23,700 |
| First Floor (942B) | Residential | 73.58 | 792 | Private Tenant | AST from 31/12/2012 | £9,300 |
| Second Floor (942A) | Residential | 70.61 | 760 | Private Tenant | AST from 28/01/2022 | £12,000 |
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Office Contact
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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