The property comprises a lock-up shop with rear room (potential for bedsit) subject to planning, plus a business/office unit part 2 storey at the rear with courtyard (potential for residential conversion and extension) subject to planning. The courtyard could be used for storage/parking.
Location
Situated on the north side of Green Street at its junction with Mayfield Road being a short distance from the A1010 Hertford Road and the A1055 Mollison Avenue (North/ South Route). Brimsdown Overground Station is within walking distance.
Accommodation
Shop and rear store room: 355 sq ft (32.98 sq m)
Rear business/office suite: 469 sq ft (43.57 sq m)
Total: 824 sq ft (76.44 sq m)
Plus rear courtyard 363 sq ft (33.72 sq m)
Terms
Terms - The property is available Freehold with vacant possession and with benefit of ground rents on the other occupied flats as follows:
200A - 99 year lease from 29/09/2007 - £150 pa for 33 years - £300 pa for following 33 years - £400 pa for final 33 years
200B - 99 year lease from 28/09/1984 - £50 pa for 33 years - £125 pa for following 33 years - £225 pa for final 33 years
Price - £350,000 No VAT if applicable SUBJECT TO CONTRACT.
Business Rates:
Business/office:
Rateable value 2020/2021 £4,900
Rates payable £2,445.90
Shop:
Rateable value 2020/2021 £3,850
Rates payable £1,921.35
Interested parties should confirm with the Local Charging Authority that rate relief potentially is available.
Energy Performance Certificate (EPC) - Rating: Shop - D86 & Rear Business Unit – E106
Legal Costs - Each party will be responsible for their own legal costs incurred.
Specification
- Lock up shop with rear room
- Rear business/office unit with potential for part residential subject to planning
- Middle courtyard accessed from Mayfield Road
- Ground rent income from leasehold flats