Location
The property is located on the South side of Chipstead Valley Road which is the link between the primary shopping street of Brighton Road through to the Post Office and local Waitrose Supermarket. There is free on street car parking (half hour) with one hour available in Brighton Road.
Description/Accommodation
The property comprises a retail shop on ground and lower ground floors with residential accommodation above (the latter having been sold off on a 999 year lease). There is parking for 4 cars at the rear in two rows of two in tandem; the space being equally shared between the shop and flat.
Approximate net internal areas
Ground Floor
40.8 sq m - 439 sq ft
Lower Ground Floor
42.1sq m - 453 sq ft
Total
82.9 sq m - 892 sq ft
Residential Lease:
The residential uppers have been sold off on a 999 year lease at a peppercorn rental.
Terms
The property is available either Freehold in the sum of £200,000, subject to contract and VAT (if applicable).
Alternatively
The property is available to rent on a new lease term to be agreed at a rent of £16,000 per annum, subject to contract and VAT (if applicable).
Business Rates
According to the Government Website the current Rateable Value of the shop is £11,000. The UBR for 2024/25 is 49.9p in the £.
Legal costs
Each Party to be responsible for their own legal costs incurred in this transaction.
Energy Performance Certificate
Awaiting Energy performance Certificate
Benefits include
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
Nick Payne
Email: nickp@gpcommercial.co.uk
David Sutton
Email: 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
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