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Retail Property (high street) to rent

The Broadway,Cheam,Sutton,SM3

£35,000 pa (£2,917 pcm)
2,680 sq. ft.

Property Description

Commercial information

  • 2,680 sq ft (248 sq m)
  • Use class orders: A1 Shops, A2 Financial and Professional Services and A3 Restaurants and Cafes

Key features

  • Class A3 Restaurant / Café planning consent recently granted
  • Former Lloyds Bank premises in prime town centre location
  • Total ground floor & basement area 1,973 sq.ft (183.3 sq.m)
  • First floor self-contained offices 707 sq.ft (65.68 sq.m)
  • Rear access, yard and parking

Full description

LOCATION

The premises occupy a prime location in the centre of Cheam, fronting the junction of The Broadway, Station Way and High Street (A232). Cheam has an excellent selection of shops, cafes and restaurants together with a good mix of independent and multiple operators. A street traders plan is available upon request.

Nearby occupiers include Pizza Express, Boots, WH Smith, Santander and Costa Coffee. The town benefits from good road and rail connections being between the A217 & A24 with Cheam Mainline Railway Station under half a mile to the South.

PROPERTY SUMMARY

Attractive former LLoyds bank premises arranged over the ground and lower ground floors. The ground floor currently comprises an open plan retail area with further office / storage accommodation and separate male and female toilets to the rear. A wide staircase leads down to the lower ground floor which includes a large strong room together with three further rooms. The property benefits from gas fired central heating and air-conditioning via ceiling cassette units.

The first floor self-contained offices comprise five individual offices, a toilet and kitchen. There is rear access leading to a rear yard currently used for 3 /4 parking spaces.

The accommodation and net internal floor areas are as follows:-

Ground Floor Retail Unit 1,284 sq.ft (119.29 sq.m)
Basement Storage 689 sq.ft ( 64.01 sq.m)
First Floor Offices 707 sq.ft ( 65.68 sq.m)
Outside Rear Yard / 3-4 parking spaces

TERMS

The premises are available to let on full repairing and insuring terms for a term to be agreed at the following rents:

 Whole (Ground Floor, basement & self-contained offices) £45,000 pax
 Ground Floor & basement only £35,000 pax

Subject to Contract

RATES

The Valuation Office Agency Web-site describes the ground floor as "Shop and Premises" and advises the 2010 Rateable Value is £23,750. The UBR for 2015/16 is 48.9 in the £. The first floor offices are described as "Office and Premises" and have a 2010 Rateable Value of £4,650 with the same UBR as above.

VAT

The above rents are exclusive of VAT, if applicable

COSTS

Each party to bear their own costs.


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