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Retail Property (out of town) for sale

A22 Eastbourne Road,South Godstone,RH9 8EZ

Sold STC 3,176 sq. ft. | £775,000

Property Description

Commercial information

  • 3,176 sq ft (295 sq m)
  • Use class orders: A1 Shops

Key features

  • Former Little Chef Restaurant site
  • Prominent location on the A22 Eastbourne Road at South Godstone, Surrey
  • Total property area of 3,176 sq.ft (295.1 sq.m)
  • Site area of 0.43 acres (0.174 hectares)
  • 30 on-site parking spaces
  • Potential for A3 or A5 uses (subject to planning)
  • Includes Telecom Mast let to CTIL Ltd until August 2028
  • Offers invited in the region of 775,000 + VAT for the freehold interest
  • Class A1 Retail premises
  • A3 Planning Permission Recently Granted

Full description

Tenure: Freehold

Location

The premises occupy a prominent location fronting the busy A22 Eastbourne Road, within this attractive and affluent area between Godstone and East Grinstead. Junction 6 of the M25 is approximately 3 miles to the north at Godstone.

Description & Accommodation

The premises comprise a substantial detached Class A1 retail showroom on the ground floor with storage on the first floor above. The site extends to approximately 0.43 acres (0.174 hectares). The premises have recently been granted a change of use to Class A3 (Restaurant).

The approximate net internal floor areas are as follows:-

Ground Floor: 2,864 sq.ft ( 266.1 sq.m)
First Floor: 312 sq.ft ( 29.0 sq.m)
Total 3,176 sq.ft (295.1 sq.m)

Outside - Car parking for approximately 30 vehicles and detached garage.

Tenancies

The main retail premises and car park are presently let to Oka Direct Ltd until September 2022 at a current rent of 50,000pa + VAT. However, Oka have expressed a wish to relocate and therefore vacant possession is likely to be available.

The Telecommunications site is let to CTIL Ltd (formed by Vodafone and O2) for 15 years from August 2013 with 5 yearly rent reviews linked to RPI at an initial rent of 5,500 per annum + VAT. This lease to CTIL Ltd is contracted outside of the Landlord and Tenant Act 1954.

Terms

Offers in the region of 775,000 plus Vat are sought for the freehold interest with vacant possession of the main site currently occupied by Oka Direct and subject to the existing lease to CTIL Ltd of the telecommunication site

VAT - We understand that Vat is applicable to this sale.

Subject To Contract


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