Of interest to Owner Occupiers and Investors/Developers
TWO SUBSTANTIAL DOUBLE FRONTED TWO STOREY TOWN CENTRE RETAIL PROPERTIES WITH USEABLE BASEMENT PROMINENTLY LOCATED IN THE PRIME TRADING PITCH CLOSE TO PARKING AND RAILWAY STATION
Total net internal area approx 231.13 sq m (2488 sq ft) Inclusive of Basement
FREEHOLD FOR SALE
- Well located in Town Centre close to Railway Station
- Two substatnial double fronted retail units
- Basement
- Potential for conversion of upper parts and rear to residential use
105-107 Station Road East, Oxted, Surrey, RH8 0AX
Location:
The property is extremely well located with frontage to the western side of Station Road East, the town’s principal trading pitch at a point where the road forms a cul-de-sac for access to the railway station therefore funnelling pedestrians giving a generous footfall.
Station Road East supports a wide and interesting mix of multiple and local retailers, high street Banks, restaurants (eg Pizza Express, HSBC, NatWest, Cook and Boots) and other town centre services.
Oxted is an affluent commuter belt town that serves the resident population and nearby smaller towns and villages but is only 35 minutes from Victoria or London Bridge by rail and a 10 minute car journey from Junction 6 of the M25 Motorway.
Description/Accommodation:
A traditional brick and tile two storey town centre building arranged over basement, ground and first floors. The ground floor has prominent two double fronted retail entrances to Station Road East, currently configured as two units. However, subject to the necessary consents being obtained, the building could easily be reinstated as one unit.
The ground floor retail space has the benefit of separate staircases to the basement and a first floor and opening within the party wall between 105 and 107.
The property benefits from shared pedestrian rear access by way of a gated path to the side of no 101 Station Road East.
The basement provides further showroom/ancillary accommodation together with wc’s and kitchen facilities.
A Pre-Application has been agreed in principle for conversion of the upper parts and rear to residential use, subject to retail/commercial use being retained on the ground floor.
THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS
| Ground Floor | 84.82 sq m | 913 sq ft |
| First Floor | 62.89 sq m | 667 sq ft |
| Basement | 68.65 sq m | 739 s ft |
| Store | 14.77 sq m | 159 sq ft |
| Total | 231.13 sq m | 2488 sq ft |
In addition there is land to the rear with development potential of 8.5 m depth x 5m width.
Planning:
The property has the benefit of Use Class A1
Floor Plans:
Floor plans are available upon request.
Terms:
The property is available Freehold.
Price:
Offers are sought in the region of £865,000 Subject to Contract and VAT (if applicable)., with vacant possession upon Completion.
The Vendor will require an early exchange of Contracts with delayed completion to allow from our Clients business to exit the building. A precise timescale to be agreed.
Legal costs:
Each party to be responsible for their own legal costs.
Business Rates:
According to the Government website the property has a Rateable Value of:
No 105 (Ground Floor): £11,148
No 107 (Ground/Basement: £13,000
No107 (First floor): £7,800
The UBR for 2019/20 is 49.1p in the £.
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 E: nickp@gpcommercial.co.uk
David Sutton BA (Hons) E: davids@gpcommercial.co.uk
Measurement
All office measurements have been calculated in accordance with the new international measuring code IPMS3-Office. Essentially this means that the measurements have been taken inside the main structural walls of the offices to include structural columns but to exclude wc’s, staircases and circulation areas used in common with other tenants of the building. If you have any queries in this regard please consult the Agent.
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
110 HIGH STREET, CROYDON, SURREY, CRO 1ND
