UNDER OFFER

RETAIL SHOP

TO LET

  • On Street Car Parking to the front of the property
  • Central Location
  • Excellent Frontage

171 Coulsdon Road, Caterham, Surrey, CR3 5NU

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Location:
The property is situated in a well used local retail parade in Caterham on the Hill.  Other occupiers of the Parade offer a range of uses from local Restaurants and Take Aways to Barbers.  Immediately opposite is a large Tesco Superstore giving excellent parking and bringing good footfall to the Parade.

Description/Accommodation:
The accommodation comprises a good size ground floor retail area with toilet and kitchenette to the rear.  The property is currently divided to give two separate retail areas.  This can be opened up to provide a larger open plan space.

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Ground Floor Retail 44.23 sq m 476 sq ft

Terms:
The property is to let by way of an assignment of an existing lease for a term of 8 years from September 2014 (4 years remaining)  The current rent is £8,750 per annum, plus VAT (if applicable) Subject to Contract.  A rent review has been agreed to come into effect on the 29th September 2018.  The new rent to be £9,500 per annum.

Business Rates:   
According to the Government website the Ground floor property has a Rateable Value of £5,100.  The UBR for 2018/9 is 48.0p in the £.

Legal costs:           
Each party to be responsible for their own legal costs incurred in this transaction.

Energy Performance Certificate:      
Full information available upon request.

Viewing
For further information, or to arrange an inspection please contact Sole Agents Gildersleve & Payne
Nick Payne MRICS Email: nickp@gpcommercial.co.uk or
David Sutton BA (Hons)   Email: davids@gpcommercial.co.uk

Property Misdescriptions Act 1991
Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose

Code of Practice
Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk

2 Woodbridge, Smallfield

171 Coulsdon Road, Caterham, Surrey, CR3 5NV

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