The mid-terraced property is of brick construction with rendered elevations at first floor beneath a pitched tiled roof, with commercial to the ground floor and residential upper parts, and forms part of a parade of similar premises. The self-contained 1-Bedroom maisonette is accessed from the rear of the property, via a Service Road. Access to the service road can be gained either from Chipstead Valley Road, or Portnalls Rise.
( Agency Pilot Software ref: 684 )
Location
The property is prominently located on the southern side of Chipstead Valley Road, close to the junction with Rickman Hill.
Accommodation
1,366 sq ft (126.90 sq m)
Terms
The premises are available Freehold for sale with vacant possession of the ground floor. The residential upper parts are let out on an Assured Shorthold Tenancy at a rental of £1,020 per calendar month, with the existing tenant holding over. The Freehold sale will be subject to the existing tenancy, and associated rental income.
Price We are instructed to seek £525,000 for the Freehold interest.
Rates According to the Government website the Commercial property has a 2023 Rateable Value of £9,900. NB: The rates actually payable may be subject to transitional relief.
VAT The property has not been elected for VAT.
EPC The commercial element has an EPC rating of C (74). The residential upper parts have an EPC rating of D (63).
Legal Costs Each party is to be responsible for their own costs in this transaction.