Commercial property for sale in Vulcan Way, New Addington, Croydon CR0

Summary
guide price £500,000 - Leasehold Light Industrial Premises,
Site of 0.33 acre,
Full vacant possession,
to sell your property in our next auction call us now.

Description
Leasehold Light Industrial Premises
Site of 0.33 acre
Full vacant possession

Location:
The property lies within the heart of this commercial and industrial area of New Addington with Vulcan Way leading directly off King Henry’s Drive and home to a diverse range of commercial and industrial users. The location is just south of the A232 which links east to the A21 and then directly to the M25 motorway (junction 4) providing excellent road transport links to the location. The centre of Croydon lies some 6 miles to the north west with this location providing a commercial hub not only for Croydon but the surrounding area.

Description:
42 Vulcan Way is a commercial premises of part brick construction providing a range of space to include workshops, offices, staff canteen and storage facilities both internal and external through hard surfaced and canopied areas. It also benefits from parking areas for circa 8 vehicles. The premises offers a range of potential uses on reversion and development prospects (subject to all necessary consents) to upgrade and alter for more modern day requirements in this area of high demand.

Accommodation:
Main Ground Floor Workshop 537.3 sq m (5,784 sq ft)
Ground Floor Office 80.4 sq m (865 sq ft)
First Floor Office 9.7 sq m (105 sq ft)
First Floor Canteen 15.9 sq m (171 sq ft)
Combined External Storage Areas 102.1 sq m (1,099 sq ft)
Canopied External Area 18.7sq m (201 sq ft)
Hard Surfaced Fenced Area 95.0 sq m (1,023 sq ft)
8 Parking spaces

Total Site Area: 0.33 Acre

Possession:
Full vacant possession upon completion

Tenure:
The property is held on a lease from the London Borough of Croydon for a term of 96 years from 25/03/1954 at a ground rent of £123 per annum.

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.