FULLY LET INVESTMENT
FREEHOLD FOR SALE

  • Fully let investment
  • Attractive Grade II Listed Building
  • The first and second floor flat has been recently refurbished to a very high standard
  • Situated on Market Square (A25), the principle shopping street of the Town

9 MARKET SQUARE, WESTERHAM, KENT, TN16 1AN

 

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Location:
Westerham is a popular and attractive small town strategically located on the A25 approximately 5 miles west of Sevenoaks and 4 miles east of Oxted.  Westerham is also roughly equidistant from Junctions 5 and 6 of the M25 motorway (approx 5 miles) via the A25.  Mainline railway connections are available at both Sevenoaks and Oxted providing frequent services to Central London.

The property is situated on Market Square (A25), the principle shopping street of the Town. Other nearby retailers include Costa Coffee (Opposite), Day Lewis Pharmacy, the Co-Op, Hospice in the Weald and the Nationwide Building Society.  The Town is also home to a number of established lifestyle businesses as well as an array of highly acclaimed restaurants.

 Description/Accommodation:
The property comprises the ground floor, basement, first and second floors of this attractive Grade II Listed period building.  The ground floor is currently occupied by the Italian Shop an Independent Italian Grocers with branches in Oxted as well as the Westerham.  The first and second floor flat has been recently refurbished to a very high standard and is currently tenanted on an AST by the Tenants of the ground floor commercial unit.  The flat comprises of a rear entrance at first floor level, leading to a well proportioned lounge and fully fitted kitchen with stairs leading to the second floor which provides two double bedrooms, one with en-suite as well as a separate bathroom.  As mentioned above, the residential portion of the property has been extensively refurbished by the current Owner to a very high level.

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

Ground Floor Sales

796 sq ft

73.95 sq m

Kitchen Area

44 sq ft

4.09 sq m

Basement

286 sq ft

26.57 sq m

Total

1,126 sq ft

104.61 sq m

 

Terms:                                                                                                                   
The property is available freehold subject to the existing Tenancies as detailed below at a price of £900,000, subject to contract.

Tenancies:
9 Market Square (Shop):  Tenant Mr Rosa.  Lease Term: 5 years from 2019.  Current passing rent: £22,000 per annum increasing to £23,000 per annum as of June 2022 and £24,000 per annum as of June 2023.

11 Yew Tree Mews (Flat):  Tenant Mr Rosa.  Lease Term:  12 month AST from October 2020.  Rent:  £1,800 ppm.

Business Rates:                                                                                   
According to the Government website the property has a Rateable Value of £24,000 per annum.  The UBR for 2020/21 is 49.9p in the £.  (Sevenoaks District Council Tel 01732 227000)

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

Energy Performance Certificate:                                                               
Full information available upon request.

Viewing                                                                                             
Strictly by appointment with Sole Agents Gildersleve & Payne
Tel: 01883 723888
Contact David Sutton BA (Hons) Email: davids@gpcommercial.co.uk
Or
Nick Payne MRICS     Email nickp@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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