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12-20 Church St 2,702 - 3,089 SF Retail Condo Units Offered at $1,500,335 - $1,969,190 CAD Per Unit in Croydon CR0 1RB
INVESTMENT HIGHLIGHTS
- Excellent transport links
- Heavy pedestrian traffic
- Array of local amenities
EXECUTIVE SUMMARY
The property is located on the corner of Church Street and Frith Road, in Croydon’s town centre. Church Street benefits from good passing trade due to its close position to Surrey Street, which is a market street that has been operating as a daily market dating back 700 years.
PROPERTY FACTS
| Total Building Size | 48,009 SF | Floors | 4 |
| Property Type | Retail | Typical Floor Size | 19,477 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1909 |
| Building Class | C | Lot Size | 0.54 AC |
| Total Building Size | 48,009 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 19,477 SF |
| Year Built | 1909 |
| Lot Size | 0.54 AC |
AMENITIES
- Security System
- Automatic Blinds
- Storage Space
2 UNITS AVAILABLE
Unit 18
| Unit Size | 3,089 SF | Sale Type | Investment |
| Price | $1,969,190 CAD | Tenure | Long Leasehold |
| Price Per SF | $637.48 CAD | Cap Rate | 7.20% |
| Condo Use | Retail | NOI | $141,781.66 CAD |
| Unit Size | 3,089 SF |
| Price | $1,969,190 CAD |
| Price Per SF | $637.48 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.20% |
| NOI | $141,781.66 CAD |
DESCRIPTION
The unit is arranged over ground floor only and benefits from good ceiling height.
SALE NOTES
Circa 966 years sub long leasehold at a peppercorn ground rent.
Offers in excess of £1,050,000 for the long leasehold interest, which represents a Net Initial Yield of 7.20% after deducting purchaser’s costs.
Unit 20
| Unit Size | 2,702 SF | Sale Type | Investment |
| Price | $1,500,335 CAD | Tenure | Long Leasehold |
| Price Per SF | $555.27 CAD | Cap Rate | 7.11% |
| Condo Use | Retail | NOI | $106,673.82 CAD |
| Unit Size | 2,702 SF |
| Price | $1,500,335 CAD |
| Price Per SF | $555.27 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.11% |
| NOI | $106,673.82 CAD |
DESCRIPTION
The shop is situated on the corner of Frith Road and Church Street, benefiting from a strong corner position with a good return frontage. Internally, the unit is predominantly open plan with high ceilings and is currently trading as a supermarket.
SALE NOTES
Circa 966 years sub long leasehold at a peppercorn ground rent.
Offers in excess of £800,000 for the long leasehold interest, which represents a Net Initial Yield of 7.11% after deducting purchaser’s costs.
NEARBY MAJOR RETAILERS
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12-20 Church St
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