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FREEHOLD SHOP PREMISES FOR SALE WITH VACANT POSSESSION AND THE UPPERS ARE SUBJECT TO AN EXISTING LEASE PLUS REAR GARDEN WITH DEVELOPMENT POTENTIAL

Guide price: £375,000.00|994 Sq Ft|Retail, Office, Offices

Property details

SIZE994 Sq Ft
ADDRESS43 Waterhouse Lane, Tadworth, KT20 6EB
TYPERetail, Office, Offices
TENUREUnder Offer
POSTED ON13th May 2021

Description

LOCATION
The premises is situated within the heart of Kingswood Village with its range of local shops and restaurants, Kingswood Arms public house nearby and within just a minute’s walk of Kingswood BR Station with commuter rail services to London Bridge and Victoria. Reigate, Epsom towns and Banstead village are all within easy reach via the A217 together with the M25 at Junction 8 within five minutes’ drive. This unit in this location suits a wide variety of uses within the heart of the Village and with the benefit of the new ‘E’ use class and street parking directly outside.
DESCRIPTION
The Clients are looking to close this office within their business in order to merge it with another existing site and are offering the freehold premises for sale comprising of a brick built semi-detached building under a tiled roof. The ground floor is being sold with vacant possession forming the existing Travel Agency office. This is currently arranged as a smart main front retail/office area with traditional glazed shopfront, private raised office to the rear, plus kitchen, basement and WC and parking to the side. To the rear of the property there is a raised L-shaped garden offering scope and potential for redeveloping subject to planning permission. The uppers form a self-contained flat that is subject to a long lease.

THE FLAT
The flat that forms the upper parts is a self-contained flat subject to a long Lease that has recently been extended and is currently sublet on an Assured Shorthold Tenancy.

THE SHOP
The ground floor is currently arranged as a Travel Agency office with a smart front relatively square retail area 26ft deep with air conditioning of approximately 566 sq ft with stairway down to a very useful basement.

To the rear of the main retail area there are steps up into a private office of approximately 130 sq ft plus kitchen and WC.

The Unit could be used for a wide variety of uses under the existing E Use Class.

Approx. dimensions as follows: -

Front retail area Approx. 566 sq ft (52.59m2)
Rear office Approx. 130 sq ft (12.08m2)
Basement Approx. 298 sq ft (27.69m2)

Net Internal Area approx. 696 sq ft
(64.67 m2)


OUTSIDE
Externally there is a side driveway providing off-street parking for the shop as well as a dated garage and pedestrian access up to a raised L-shaped rear garden directly behind the premises and running behind the adjoining properties to the west. This large raised garden may have potential for redevelopment opportunities STPP. The vendors will seek to benefit from a share in any uplift in value that a buyer secures through securing planning consent for a scheme by way of an overage clause or price adjustment.

PRICE
Offers in the region of £375,000 for the freehold interest.

TENURE
Freehold investment for sale under Title No SY499779 and outlined in red thereon with full vacant possession of the ground floor shop/office unit with a self-contained first floor flat being subject to an existing long leasehold interest. The first floor flat is subject to a Lease term of 99 years granted from 25.12.80 which we understand is recently extended.



TIMING
Our Clients can offer a swift exchange of contracts and then would slightly delay completion following exchange in order to close the office and transfer their operation to their Fetcham office so to prepare for and offer vacant possession for completion.
VAT
We are advised by our Vendor Clients that the premises are not currently elected for VAT.

RATES
From internet enquiries only the business rate assessment is as follows:

Rateable Value for ground floor £8,100
Uniform Business Rate £0.499
(for small business multiplier
(April 2021 – March 2022)

LEGAL COSTS
Each party to be responsible for their own legal costs in the transaction.

EPC
An EPC is available for the shop, it has a rating of E (105).

VIEWING
Strictly by prior appointment only through sole agents:
ROBINSONS - Sole Agents
01737 229200
www.robinsonsmb.com

Location

marker
Location: 43 Waterhouse Lane, Tadworth, KT20 6EB

Morden (7.4 miles)

South Wimbledon (8.3 miles)

Colliers Wood (8.7 miles)

Kingswood (0.1 miles)

Tadworth (1.0 miles)

Tattenham Corner (1.5 miles)

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