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Woodville Road, Thornton Heath, Surrey, CR7

Sold STC 353 sq. ft. | £310,000

Property Description

Commercial information

  • 353 sq ft (32 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • For sale as an Investment
  • Existing Tenants

Full description

Tenure: Freehold

FREEHOLD INVESTMENT FOR SALE

A5 TAKEAWAY PREMISES WITH RESIDENTIAL UPPERS

Location:
The property is located to the western end of the High Street in Thornton Heath, surrounded by a mix of local and national retailers, such as Costcutter, William Hill, Tesco and Paddy Power.

Description/Accommodation:
The property comprises a ground floor retail area with a kitchen to the rear and residential accommodation above comprising lounge/Bedroom, kitchen and bathroom/wc on the first floor, and two further rooms on the second floor.

Tenancy:

We have not had sight of the lease but understand that the lease is for term of 15 years from the 25th December 1991 at a rent of 10,000 per annum and that the Tenant is currently holding over. We further understand that the residential accommodation is sub-let by the existing lessee with a Licence on a monthly basis.

Terms:
The freehold interest is for sale at 310,000 plus VAT (if applicable) Subject to Contract and the existing Lease/Tenancies

Business Rates:
According to the Government website the Rateable Value is 3,350. With effect from 1st April 2016 the UBR for 2016/7 is 48.4p in the .

Legal costs:
Each party to be responsible for their own legal costs.

Energy Performance Certificate:

Full information available upon request.


More information from this agent

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