Location
This property is extremely well located in the heart of the prime retail area of Station Road East close to national multiples such as Boots, Starbucks, Co-Op, Cook, Sainsburys and Waitrose, together with a number of successful privately owned businesses.
Central Oxted has the benefit of being naturally bypassed by the A25 and therefore the majority of the traffic using Station Road East is made up of people using the Town Centre’s facilities. Short-term car parking is available in the street with longer term facilities available in the Council owned free car parks situated behind Boots.
Description/Accommodation
The ground floor accommodation provides a large primarily open plan space, currently fitted out as a Gentleman’s Barber.
There is a first and second floor maisonette included within the freehold but sold off on a long Lease of 160 years from 8th January 2010.
Approximate net internal areas
Ground Floor
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Retail
52.20 sq m - 582 sq ft
Basement
-
Upper
32.94 sq m - 355 sq ft
Lower
21.48 sq m - 231 sq ft
Total Basement
54.42 sq m - 586 sq ft
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Total
106.62 sq m - 1168 sq ft
Tenancies
Ground Floor: Let to Turnstyles the Football Barbershop Limited on a 10 year effective full repairing and insuring Lease from 15th February 2019 expiring on the 14th February 2029 at a current rent of £21,244 per annum exclusive. There are annual RPI rent reviews with the next rent review due in February 2024.
Terms
The freehold is for sale, subject to the Tenancy described above in the sum of £300,000, subject to contract plus VAT (if applicable).
Business Rates
According to the Government website the property has a Rateable Value of £17,000. The UBR for 2023/4 is 49.9 in the £. Small Business Relief may apply. For further information contact Tandridge District Council.
Legal costs
Each Party to bear their own legal costs incurred in this transaction
Energy Performance Certificate
Energy Performance Rating E (107). Full information available upon request.
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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