The property is a mid-terraced building comprising a residential estate agency branch to ground floor with a 3- bedroom split level flat above. The ground floor is presented in good order and comprises an open plan sales area with a kitchen area and WC to the rear. The retail area comprises part tiled, part carpeted floor with painted walls and metal grid suspended ceiling with recessed LED spotlights and an air conditioning unit which provides both space heating and cooling.
The flat (not inspected) comprises a lounge and kitchen/diner to the first floor with a landing, three bedrooms and a separate bathroom to the second.
Location
The property is located on the A24 between the crossroads with the A2043 and Senhouse Road and opposite Lavendar Avenue. Other nearby occupiers include Costa Coffee, Greggs, Pizza Hut, Sainsburys supermarket, McDonalds and a wide range of local and independent traders.
The building is located in a District Retail Parade approximately 1.4 miles to the south east of Worcester Park Train Station (South Western) and 1.5 miles north of Cheam Train Station (Southern). Worcester Park provides regular services between London Waterloo and Guildford and Dorking, whilst Cheam provides services between London Bridge and Dorking, Epsom and Horsham.
Accommodation
Ground Floor NIA 564 sq. ft. ( 52.40 sq. m.)
1st Floor GIA 444 sq. ft. ( 41.20 sq. m.)
2nd Floor GIA 431 sq. ft. ( 40.00 sq. m.)
TOTAL 1,486 sq. ft. (138.10 sq. m.)
Terms
PRICE - Offers in excess of £500,000
TENURE - The ground floor is to be let on a new 10-year lease from the date of completion to Andrews Estate Agents Limited at a rent of £20,000 per annum exclusive. The lease is to be inside the Act, include a tenant’s option to break and upward only rent review at the end of the 5th year.
The flat has recently been vacated but was let on an AST at £1,400 pcm.
RATES / COUNCIL TAX:
GF Rateable value: £7,700
The 2024/25 UBR is 49.9p in the £.
Small Business Rates Relief may be available.
Flat is Band C
Interested parties should make their own enquiries with Sutton Council to confirm the rates and Council tax payable.
VAT - We understand VAT is not applicable to the price.
TENANT COVENANT - Andrews Estate Agents Limited has traded since 1961 but its background extends to over 75 years of experience. Andrews currently has 44 branches across Southern England.
It is the only estate agent in the UK owned by a charitable trust. They have donated over £10m in agency profits to charities and social enterprises around the world.
LEGAL COSTS - Each party to bear their own legal costs incurred in this transaction.
Specification
- Ground Floor Class E Use
- 3 bed split level flat over
- Busy district retail parade
- On site parking