The three-storey mid-terraced property is of brick construction, with commercial at ground floor, and residential above, in a parade of similar premises. The subject premises form the ground floor A2 shop.
( Agency Pilot Software Ref: 336 )
Location
The property is situated on The Quadrant. Nearby occupiers include Dreams Beds, Sean Hanna, Domino's, Costa Coffee and Odeon Cinemas. Epsom is a densely populated residential area and a thriving retail and commercial centre, situated approximately 17 miles south-west of central London, and benefits from good transport links. The M25 (Jct 9) is within 4 miles. The A3 at Tolworth is approximately 4.5 miles away. Heathrow and Gatwick Airports are conveniently based with access via the M25/M4 and M25/M23 respectively
Accommodation
The premises have a gross internal floor area of approximately 81.52 sq m (877 sq ft).
Terms
The premises are available held on a Full Repairing and Insuring Lease for a term of five years from 18 March 2019 at a current passing rental of £22,000 per annum exclusive, with a Tenant only break option on 18 March 2022 (subject to six months' prior writte notice. Our Client is seeking to assign their existing Lease. Alternatively, the Landlord may consider granting a new Full Repairing and Insuring Lease for a term and rental to be agreed.
VAT: The property has not been elected for VAT.
Rates: According to the VOA website, the property has a Rateable Value of £19,500. Therefore, Rates Payable in the current financial year for 2019-2020 are £9,828.
NB: Please note that the rates actually payable may be subject to transitional relief. For a more accurate assessment of rates payable for the current year, please contact the Local Authority.
EPC: The property has a current rating of C (64).
Legal Costs: Each party is to be responsible for their own costs in this transaction.