Location
Caterham is a town in the Tandridge district of Surrey, conveniently located on the A22 a little over a mile from the M25. Croydon is approximately 8 miles north and Redhill approximately 7 miles south west. The town is divided into two areas being Caterham-on-the-Hill and Caterham Valley, which includes the Town Centre
The subject property is located on Croydon Road which sits adjacent to Waitrose, the Railway Station, bus services, two multi-storey car parks and it lies between Church Walk Shopping Centre. A new Lidl supermarket is under construction next door to the parade and when open will generate greater footfall along the parade
Other notable occupiers in the immediate vicinity include Subway, Magnet and Cubitt & West.
Tandridge District Council have proposed improvements to Croydon Road, Caterham which will help regenerate Caterham Town Centre, encourage private investment and transform Caterham into a more vibrant commercial and community hub. Improvements include creating space for parklets and outdoor licensable space for businesses as well as improving safety for pedestrians and cyclists by reducing traffic speeds to 20mph. Construction is estimated to commence in 2023. Further information can be found on the Tandridge District Council Website.
Description/Accommodation
The premises comprises a ground floor retail unit. The property has the benefit of rear servicing via Highfield Drive.
Approximate net internal areas
Gross Frontage
10.51 m - 34 ft 6 ins
Internal Width (max)
9.85 m - 32 ft 4 ins
Built Depth
17.34 m - 56 ft 11 ins
Sales area
181.16 sq m - 1950 sq ft
Terms
A new effective full repairing and insuring lease for a term of 10 years at a rent of £38,000 per annum exclusive plus VAT (if applicable), subject to 5 yearly upward only rent reviews. Subject to Contract.
Business Rates
Current Rateable Value £33,000
Rate in the £ (2023/24) 49.9p
Prospective occupiers should make their own enquiries to verify this information.
Legal costs
Each Party is responsible for their own legal costs incurred in this transaction.
Energy Performance Certificate
The property is rates within Band C. A copy of the EPC is available upon request.
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
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