FULLY LET INVESTMENT
- Fully Let
- Lower ground floor space with potential for additional residential accommodation (STPP)
12 Godstone Road, Kenley, Surrey, CR8 5JE
The property is situated on the A22 between Purley and Kenley,close to the junction with St James’ Road. Purley Railway Station is within easy walking distance and provides a direct service to London Victoria and London Bridge. Access to the motorway is via junction 6 of the M25 to the south at Godstone.
The property forms part of terrace of similar properties comprising retail accommodation on the ground floor with residential accommodation above.
The property has been fully renovated throughout including new kitchen, bathroom, lighting, heating and double glazed windows in the flat, whilst the commercial element was also refurbished including white painted plastered walls, new kitchenette and flooring.
The property also benefits from a lower ground floor space which could be converted into additional residential accommodation subject to planning consent.
THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS
|Ground Floor:||43.74 sq m||471 sq ft|
The property is available freehold and offers are being sought in the region of £385,000, subject to the following tenancies:
A lease on the ground floor for a term of 5 years from August 2019 currently paying a rent of £8,100 per annum, please note the rent currently includes the lower ground floor space which the Agents understand has been used on an informal basis. The headline rent agreed was £7,500 per annum.
The first floor flat is currently on an AST paying £10,500 per annum.
According to the Government website the property has a Rateable Value of £7,500. The UBR for 2021/22 is 49.9p in the £. (NB: Small Business Relief may apply).
Each party to be responsible for their own legal costs.
Energy Performance Certificate:
Full information available upon request.
Strictly by appointment with Sole Agents Gildersleve & Payne
Contact David Sutton BA (Hons) Tel: 01883 723888
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