UNDER OFFER

FREEHOLD INVESTMENT
FOR SALE

  • Large ground floor retail unit
  • Rear stock/storage rooms, staff kitchenette and wc
  • External rear yard
  • Subject to the existing Tenancy

39/39a Holland Road, Hurst Green, Surrey, RH8 9AU

 

pdf_icon copy

 

Location:

The property is located in a stand alone retail position in the Village of Hurst Green.  Hurst Green is an affluent suburb of the Commuter Town of Oxted.  Hurst Green Railway station is approximately half a mile from the property and gives excellent links to London Stations via East Croydon.

 

Description/Accommodation:

The ground floor of the property is primarily open plan given over to a large amount of retail space.  To the rear of the property are stock/storage rooms, staff kitchenette and wc.  There is also a garden to the rear of the property currently in use by the shop tenants.

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Ground Floor Retail Area136.35 sq m1468 sq ft
Rear Stock/Storage Rooms47.53 sq m512 sq ft
External rear yard67.12 sq m722 sq ft

 

Tenancies:
The ground floor retail section is currently let to One Stop Stores Limited on a lease of 15 years from September 2009 (Expiry September 2024).  Current rent £17,250 pa.

There is an outstanding rent review from the 25th September 2019.

The residential portion of the property has been sold on a long leasehold of 125 years from 1984 giving 89 years remaining.  Current ground rent of £25 per annum rising to £50 per annum in 2024.

Terms:
The freehold interest with the benefit of the tenancies described above is available for sale and offers are sought in excess of £250,000 plus VAT (if applicable), Subject to Contract.

Business Rates:                                                                         
According to the Government Website the current Rateable Value of the property is £17,500 pa .  The UBR for 2020/21 is 49.9p in the £.

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

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

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

SEARCH

  • Property Type

  • Location

  • Property Size

The Royal Institution of Chartered Surveyors is an international organisation with over 118,000 members who represent everything professional and ethical in land, property and construction.