MIXED USE INVESTMENT
FREEHOLD FOR SALE
* Ground floor shops, garages and yard
* Prominent main road (A22) location
* Rear Parking
* Potential for develoment at the rear (STPP)
228 Godstone Road, Whyteleafe, Surrey, CR3 0EE
and adjoining yard St Lukes Yard, 10 St Lukes Road, Whyteleafe, Surrey, CR3 0ES
The premises are well situated in the heart of Whyteleafe Village occupying a prominent location fronting the A22 Godstone Road. Whyteleafe benefits from a range of local shops, restaurants, pubs and other amenities including a Post Office.
Whyteleafe also benefits from good road and rail connections with Junction 6 of the M25 close-by at Godstone. Whyteleafe and Upper Warlingham Railway Stations are within walking distance providing regular services to Croydon and London.
The main property for sale comprises three ground floor shops (228b, 228c & 228a) and four flats above being accessed via external staircases and balconies and arranged over first and second floor levels.
The accommodation also includes within this building, six lock up garages approached directly from St Lukes Road.
The second property is St Lukes Yard at 10 St Lukes Road which comprises a builders yard, having an overall site area of approximately 1350 sq ft and approximately 450 sq ft of single storey storage/office accommodation. This property adjoins the access/parking area at the rear of 228 Godstone Road.
THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS
|228b Godstone Road||38.09 sq m||410 sq ft||ITZA 390 sq ft|
|228c Godstone Road||39.94 sq m||430 sq ft||ITZA 400 sq ft|
|228a Godstone Road||37.16 sq m||400 sq ft||ITZA 380 sq ft|
|St Lukes Yard|
|Site Area||125.42 sq m||1350 sq ft|
|Buildings||41.80 sq m||450 sq ft|
228b Godstone Road: Under Offer at £12,000 per annum (discounted to £10,000 per in the first two years).
228c Godstone Road: Let to Mr M Buyukatos by way of a full repairing and insuring lease dated 8th March 1994 for a period of 25 years at a current rent of £9,500 per annum.
228a Godstone Road: Let to Mr A D Etheridge by way of a full repairing and insuring lease dated 14th October 2016 for a period of 5 years at a rent of £5,200 per annum.
St Lukes Yard, 10 St Lukes Road: A new 5 year full repairing and insuring lease agreed at a rent of £5,750 per annum.
There are six garages let as follows:
Garages 1 & 2: Each let on a Licence at £200 per quarter. (ie £1,600 pa)
Garage 3: To be allocated in the letting to 228b Godstone Road
Garages 4 & 5: Are included in the long leases on the residential flats
Garage 6: Let on a Licence at £100pcm (ie £1,200 pa)
The four residential flats are on extended leases with more than 100 years unexpired at the present time and Peppercorn rents are applicable in each case.
The freehold interest is available for sale subject to the above tenancies in the sum of £525,000, plus VAT (if applicable). Subject to Contract.
For more details contact the Business Rates Department at Croydon Council.
Each party to be responsible for their own legal costs.
Energy Performance Certificate:
Information available upon request.
For further information, or to arrange an inspection please contact Agents Gildersleve & Payne
Tel 01883 723888
Nick Payne MRICS or
David Sutton BA (Hons)
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