FREEHOLD FOR SALE

  • Ground floor retail unit
  • Kitchenette to the rear
  • Basement storage
  • Subject to the existing Tenancy

217 Croydon Road, Caterham, Surrey, CR3 6PH

 

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Location:

The property is located in a local retail parade on the Croydon Road in Caterham heading towards the main A22.  Transport links nearby include a  mainline train station with links to London via East Croydon and bus services.

 

Description/Accommodation:

The ground floor of the property is primarily open plan with a small kitchenette located to the rear.  The basement is in use as storage with Customer and Staff WC.  

 

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

 

Ground Floor Retail36.42 sq m392 sq ft
Basement/Storage39.9 sq m429 sq ft
TOTAL76.32 sq m821 sq ft

 

Tenancies:
The ground floor retail section of the property is currently occupied by Curl up and Dye Ladies Hairdressers on an informal tenancy paying £650 per calendar month.  There is currently no lease in place but we understand that the Ten.ants would like to formalise their occupation.

The residential portion of the property is sold on a Long Leasehold from 1998 with approximately 103 year remaining, paying a ground rent of £50 per annum.

Terms:
The freehold interest, subject to the tenancy described above is available for sale and offers are sought in the region of £140,000, plus VAT (if applicable). Subject to Contract.

Business Rates:                                                                         
According to the Government Website the current Rateable Value of the property is £7,100pa    The UBR for 2019/20 is 49.1p in the £.

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

Energy Performance Certificate:
Awaiting an Energy Performance Certificate

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

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

110 HIGH STREET, CROYDON, SURREY, CRO 1ND

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