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CLASS ‘E’ / DANCE / FITNESS STUDIO – FOR SALE / TO LET

For sale: £265,000.00|To rent: £18,750.00 Per Annum|1,255 Sq Ft|Office, Offices, Leisure Property, Licensed & Leisure

Property details

FOR SALE£265,000.00
TO RENT£18,750.00 Per Annum
SIZE1,255 Sq Ft
ADDRESS326A Limpsfield Road, South Croydon, Surrey, CR2 9BX
TYPEOffice, Offices, Leisure Property, Licensed & Leisure
TENURETo Let, For Sale Leasehold
POSTED ON20th February 2024

Description

PROPERTY SUMMARY

Ground floor Class ‘E’ / Dance / Fitness Studio
Rare opportunity with potential for a variety of uses
Total area of 1,255 sq.ft (116.59 sq.m)
Located in a busy local shopping centre
Rent £18,750 per annum exclusive
Virtual freehold (999 year lease) price - £265,000
On street parking in slip road

LOCATION

The premises occupy a convenient location on the B269 Limpsfield Road between Sanderstead and Warlingham. Hamsey Green is a thriving local shopping centre with a good selection of shops and restaurants / take-aways including Co-op Supermarket / post office and Londis. Warlingham and Whyteleafe railway stations are close-by. Junction 6 of the M25 is accessed nearby at Godstone via the A22.

DESCRIPTION & ACCOMODATION

Ground floor, largely rectangular and open plan premises at the rear of the shop with an entrance fronting Limpsfield Road. The premises are fitted to a high specification and benefit from gas fired central heating, infra-red lights / heaters and ventilation, as well as female and male toilets and showers. There are sky lights within the unit which can be reinstated to provide natural light. There is also a rear service road and rear entrance.

The premises has a net internal floor area of 1,255 sq.ft (116.59 sq.m)

TERMS

Offers in the region of £265,000 are invited for the virtual freehold interest (999 year lease at a peppercorn ground rent).
The premises are also available to let on a new full repairing and insuring lease, for a term to be agreed, at an initial rent of £18,750 per annum exclusive. Subject to Contract

VAT

We understand that VAT is not applicable to the prices quoted.

RATING

The Valuation Office Agency Website describes the property as “Offices & Premises” and advises that the 2023 Rateable Value is £16,000. The current UBR is 49.9 pence in the £.

EPC – This property has an EPC Rating of B (42).

LEGAL COSTS - Each party is to bear their own legal costs.

Location

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Location: 326A Limpsfield Road, South Croydon, Surrey, CR2 9BX

Morden (8.0 miles)

Colliers Wood (8.4 miles)

South Wimbledon (8.6 miles)

Whyteleafe (1.0 miles)

Upper Warlingham (1.0 miles)

Whyteleafe South (1.1 miles)

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