514 London Road comprises a ground floor lock up shop. The property has solid floors throughout, good ceiling heights and fire exit doors at the rear. The property has most recently been operated by Carpetright and is considered suitable for a variety of large retailers. It should be noted that carpet and flooring retailing is precluded.
Location
The property is situated with a good frontage to London Road, North Cheam set amongst a mixture of local and national occupiers. London Road is a busy thoroughfare and link road between Ewell and Malden and the property benefits from significant volumes of passing vehicular traffic, which is particularly heavy during the rush hour periods. There are short term parking bays in the immediate vicinity, which encourage quick stop trade and foot-flow is generated by a mixture of surrounding retailers, including a very recently opened Costa Coffee, a large Ladbrokes bookmakers, Greggs Bakers, and a number of specialist and more local retailers. The surrounding area is a densely populated residential catchment which the parade is able to service, and there is a nearby major redevelopment plan which will further enhance the location.
Accommodation
Gross frontage - 9.14m (30’)
Internal width - 7.00m (22’11) widening to 12.16m (39’11) after 10.44 (34’3)
Maximum Shop Depth - 23.00m (75’5)
Sales Area - 208.15m (2,250ft² approx)
Terms
Use/Planning - We understand the property currently falls within Class A1 (General Retail) of the current Town and Country (Use Classes) Order, and has been most recently used as a retail carpet shop. Prospective purchasers/tenants are advised to make their own enquiries of the local Planning Authority concerning existing and potential changes of use prior to offer.
It should be noted that carpet and flooring retailing is precluded.
Tenure - The property is offered by way of a new lease, the length of which is to be negotiated.
Rent - An initial rent of £35,000 per annum exclusively sought.
EPC - The property has an Energy Performance Certificate rating of 50 within Band B
VAT - All rental and capital figures quoted within these details are exclusive of V.A.T. unless otherwise stated.