NEW OFFICE PREMISES

FOR SALE

Location
The property is situated facing the main Chipstead Valley Road on the western edge of Coulsdon.  The property adjoins a well used suburban shopping parade which includes a convenience store, bakers, hairdressers etc.  In terms of communications Woodmansterne Railway Station is approximately 200 metres away and access to the motorway network is via either Junction 7 of the M23/M25 at Merstham or Junction 8 of the M25 at Reigate Hill

Description/Accommodation
This is a newly constructed purpose built office providing a mix of open plan, private office and meeting room facilities on three levels.

The approximate floor areas are as follows:

Ground Floor:                   97.1 sq m       (1045 sq ft)
First Floor:                    223.5  sq m       (2406 sq ft)
Second Floor:                  53.4  sq m       (  575 sq ft)

Total                             374.0 sq m        (4026 sq ft)

In addition to the facilities noted on the front of these particulars, the building also provides a reception area, is fully double glazed, has three compartment trunking for IT and electrics and the front car park is secured by way of an electric gate system.  The remainder of the car parking and garages are accessed off Linden Avenue.

Terms
Leasehold:      A new lease is available for a term of 5 or 10 years on a full repairing and insuring basis at a commencing rent of £50,000 per annum plus VAT, subject to contract. 

NB:  Alternative lease length is available subject to negotiation.

Freehold: Alternatively the entire premises can be purchased freehold in the sum of £750,000 plus VAT, subject to contract.

Planning:
We understand the building can be used for either B1 private office or D1 Medical use.

Energy Performance Certificate:
Available.

Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.

Business Rates
According to the Government website the Rateable Value of the property as follows: Part £15,750 per annum and Part £24,250 per annum and the UBR for 2011/12 is 43.3p in the £.

Viewing
By appointment with  Joint Sole Agents Gildersleve & Payne Contact Peter Gildersleve FRICS
Tel: 01883 723888 Email info@gpcommercial.co.uk
Or Rayners Commercial Contact Chris RichardsTel 01737 222835 Email: chris@raynerscommercial.com Or Alexander Mullett Email: alexandermullett@raynerscommercial.com

Property Midescriptions 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