GROUND FLOOR SHOP WITH RESIDENTIAL UPPER PARTS

FREEHOLD INVESTMENT FOR SALE

  • Investment for Sale subject to the existing Tenancies
  • Located on a busy local retail parade

361 Croydon Road, Caterham, Surrey CR3 6PN

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Location:
The property is located on the Croydon Road in Caterham, leading onto the main A22.   The property is situated in a well used retail parade with other local retailers.

Description/Accommodation:
The property comprises a two storey end of terrace building with rendered elevations.

The ground floor comprises retail/sales area with ancillary accommodation to the rear created with partition walls.  The net internal floor areas of the shop are as follows:

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Retail Area 44.66 sq m 480 sq ft

The upper parts comprise a good size self contained three bedroom flat with separate lounge, kitchen and bathroom,  Entry to the flat is to the rear of the property.

Tenancies:
The ground floor is let to Arvind Jasuria at a rent of £660 pcm with 5 years remaining on the lease.  The Tenant has confirmed they would wish to renew.

There is a garage at the rear of the property, currently being used as storage by the Tenant of the ground floor at a rent of £100pcm

The residential flat is let on an Assured Shorthold Tenancy and is currently let at £1,300 pcm.

Terms:
The freehold interest is available for sale subject to the above tenancies for offers in excess of £415,000 plus VAT (if applicable), Subject to Contract.

Business Rates:   
According to the Government website the property has a Rateable Value of £7,900.  The UBR for 2017/8 is 46.6p 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 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

361 Croydon Road, Caterham, Surrey CR3 6PN

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