FREEHOLD FOR SALE
WITH DEVELOPMENT POTENTIAL (STP)
- Located in the centre of Coulsdon
- Retail on ground and lower ground
- The residential uppers have been sold off on a 999 year lease
- Development potential
27 Chipstead Valley Road, Coulsdon, Surrey, CR5 2RB
The shop occupies a good position in the centre of Coulsdon on Chipstead Valley Road, close to Tesco Express with Boots and Waitrose close by.
On street parking is free for one hour and longer term parking is available in a number of side streets and also the main car park off Lion Green Road.
The property comprises a retail shop on ground and lower ground floors with residential accommodation above, the latter having been sold off on a 999 year lease. There is parking for four cars at the rear in two rows of two in tandem; the space being equally shared between the shop and flat.
The shop and basement will be vacant upon completion having most recently been let as a Tanning studio at a rent of £12,000 per annum exclusive.
The residential uppers have been sold off on a 999 year lease at a peppercorn rental.
THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS
|Ground Floor Retail||40.8 sq m||439 sq ft|
|Lower Ground Floor||42.1 sq m||453 sq ft|
|Total||82.9 sq m||892 sq ft|
It is felt that there is potential to convert the basement and rear area to residential use as has been done with a number of other properties along this side of Chipstead Valley Road.
The property is available freehold, with vacant possession of the ground floor and basement in the sum of £275,000, subject to contract and VAT (if applicable).
According to the Government Website the current Rateable Value of the shop is £9,100. The UBR for 2020/21 is 49.9p in the £.
Each party to be responsible for their own legal costs.
Energy Performance Certificate:
Full 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