Location
The property is situated on the south side of Lower Addiscombe Road close to the Addiscombe Tramlink. This is a busy thoroughfare with good public transport facilities and short term metered parking available immediately outside.
The parade consists of a number of multiple and independent retailers that include Sainsburys Local, Boots and Greggs.
Description/Accommodation
The accommodation consists of a large double fronted retail unit with kitchen and ancillary areas to the rear. There are three flats above, which have been sold off on Long Leases.
Approximate net internal areas
Retail: Sales
236.22 sq m - 2543 sq ft
Ancillary
44.30 sq m - 477 sq ft
Total
280.55 sq m - 3020 sq ft
Terms
The ground floor retail unit is currently let on a lease for a term of 10 years, within the Landlord and Tenant Act Part II from January 2018 at a rent of £45,000pa.
The residential elements are sold off on long leases.
Price
Offers are invited in the region of £635,000.
Business Rates
According to the Government website the property has a Rateable Value of £46,500. The UBR for 2026/7 is 43.2p in the £.
Legal costs
Each Party to be responsible for their own legal costs incurred in this transaction.
Energy Performance Certificate
The Energy Performance Rating is E (104)
Benefits include
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
David Sutton
Email: davids@gpcommercial.co.uk
Nick Payne
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
Interested in any of our listed properties? Call or email our team
