SOLD

SHOP & FLAT
(Development Potential STP)
FREEHOLD INVESTMENT FOR SALE

  • Located in Centre of Coulsdon just off the main Brighton Road
  • Rear yard area
  • Ground floor retail unit with A5 Consent
  • Self contained one bedroom flat above
  • Subject to the existing tenancies

30 CHIPSTEAD VALLEY ROAD, COULSDON, SURREY, CR5 2RA

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Location:
The property is situated on the North side of Chipstead Valley Road in the centre of Coulsdon just off the main Brighton Road.  A Tesco Express is nearby and also a new Aldi Supermarket has recently opened facing the junction of Chipstead Valley Road and Brighton Road.

The Town has two Railway Stations (Coulsdon Town and Coulsdon South), both on the London to Brighton line via East Croydon.   Access to the motorway network is via Junction 6 of the M25 which is normally accessible within 10 minutes drive outside of peak commuting times.

Considerable improvements have been carried out in Coulsdon including the construction of a bypass and significant residential development is underway or proposed on the Cane Hill Hospital Site and Lion Green Road car park.

Description/Accommodation:
The property comprises the ground floor retail unit with A5 Consent together with a self contained one bedroom flat above.

The one bedroom flat has the following accommodation:
Lounge/Bedroom/Kitchen/Shower & WC.  Access to the flat is at the rear of the property.

There is potential at the rear of the property for additional residential accommodation subject to planning.

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Ground Floor Retail 34.34 sq m 370 sq ft
Kitchen/Preparation Area 12.74 sq m 137 sq ft
TOTAL 47.08 sq m 507 sq ft
Rear Yard Area 62.32 sq m 671 sq ft

Tenancies:
The entire property is let to Girmo Ltd on a 10 year lease dated 25th April 2013 for a term expiring on the 24th April 2023, subject to a rent review on the 25th April 2020.

The current rent being received is £15,500 per annum from April 2018 to September 2019 at which point it has been agreed that the rent will be increased to £17,000 per annum until 24th March 2020 at which point there will be an open market rent review.

The first floor flat has been sub-let under an AST Agreement.

Terms:
The freehold interest, subject to the tenancy described above is available for sale and offers are sought in the region of £300,000, Subject to Contract.

Business Rates:   
According to the Government Website the current Rateable Value of the property is £9,900 pa    The UBR for 2018/19 is 48.0p in the £.

Legal costs:           
Each party to be responsible for their own legal costs.

Energy Performance Certificate:      
Full information available upon request.

Viewing
For further information, or to arrange an inspection please contact Agents Gildersleve & Payne
Tel 01883 723888
Nick Payne MRICS
or David Sutton BA (Hons)
Email: info@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

30 Chipstead Valley Road, Coulsdon, Surrey, CR5 2RA

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