|
Location
The property is located on the western side of the High Street near to the junction with Whitgift Street and close to the Croydon Flyover. Nearby traders include Greggs Bakers, Sofa Workshop, Metro Bet and Il Ponte Restaurant.
Accommodation
A mid-terrace property providing ground floor retail space with ancillary basement storage including WC accommodation and access for rear loading from Whitgift Street, together with self contained offices and residential accommodation at first and second floor levels.
The property comprises the following approximate net internal floor areas:
Ground Floor Shop: |
|
|
Width |
4.57m |
15’ |
Depth |
14.33 m |
47’ |
Retail Area |
60.38 sq m |
650 sq ft |
Basement |
48.77 sq m |
525 sq ft |
1st Floor |
50.32 sq m |
542 sq ft |
2nd Floor |
24.44 sq m |
263 sq ft |
Total Area |
123.53 sq m |
1330 sq ft |
1 x Studio Flat |
|
|
The upper parts consist of offices and a studio flat with Planning Consent to convert the offices to provide 3 further studios.
Tenancies:
The entire ground floor and basement is let to Hellena McRae Limited on a 15 year FRI lease from 29 September 2009 at a rent of £27,000 per annum exclusive. There are 5 yearly rent reviews and a tenant only break clause at the end of the 5th year.
The Freeholder currently uses the office accommodation above but will provide vacant possession upon completion of the sale. The existing studio is let on an AST at £650 pcm.
|
Terms:
The Freehold interest is for sale subject to the lease of the ground floor and basement and offers are sought in the region of £650,000 plus VAT (if applicable), subject to contract.
Business Rates:
According to the Government website the property has a Rateable Value of £15,500. The UBR for 2011/12 is 43.3p in the £.
Energy Performance Certificate:
Awaiting Energy Performance Certificate.
Legal
Costs
Each party to bear their own legal costs.
Viewing
Strictly by appointment only with Sole Agents Gildersleve and Payne.
Contact Nick Payne MRICS
Tel: 01883 723888 email info@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 |
