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AGENT'S DETAILS


Ground Rent Investment For Sale

For sale: £20,000.00|Residential, Retail, Mixed use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£20,000.00
ADDRESS56 Westway, Caterham, CR3 5TP
TYPEResidential, Retail, Mixed use, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON7th November 2019

DESCRIPTION

Westway is a local shopping centre linking Chaldon Road and Coulsdon Road within Caterham on the Hill. The former Caterham Barracks development incorporating Tesco is close by as well as Caterham on the Hill High Street. Junction 6 of the M25 is close-by at Godstone. Access to the M23 is also available at Merstham.

ACCOMMODATION
The premises comprise a mixed use building containing 3 residential flats and a retail unit on the ground floor and basement. 3 parking spaces are provided to rear for the sole use of the flats.

TENANCIES

56 Westway - Commercial unit covering the ground floor and basement. The long leasehold interest will be sold on a 125 year lease upon completion of the sale.

56a, 56b and 56c Westway – The long leasehold interests in each flat have been sold off on 125 year leases from March 2004. Each flat pays a ground rent of £200 per annum.

Interested parties should note that the owner currently receives £1,480 per annum in management fees

TERMS

The freehold interest subject to the existing long leasehold tenancies is available for £20,000.

Subject to contract

VAT

We understand that no VAT is applicable.

EPC

56 - D76 56a – D56 56b – E47 56c – E54

LEGAL COSTS

Each party are to pay their own costs in relation to the sale

LOCATION

Location: 56 Westway, Caterham, CR3 5TP

Morden (8.9 miles)

Colliers Wood (9.6 miles)

South Wimbledon (9.7 miles)

Caterham (1.0 miles)

Whyteleafe South (1.5 miles)

Upper Warlingham (1.6 miles)

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