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Shop to rent

Stanley Way, Orpington, Kent, BR5

Let Agreed 454 sq. ft. | £8,500 pa| £708 pcm

Property Description

Commercial information

  • 454 sq ft (42 sq m)
  • Use class orders: A1 Shops

Full description

Tenure: Leasehold

LOCATION
Orpington is a prosperous residential area located some 16 miles to the south of Central London and 5 miles from Bromley. The town is adjacent to the A224 and junctions 3 and 4 of the M25 motorway.
The property is located on Stanley Way at its junction with Marion Crescent approximately 1 mile from Orpington Town Centre.
The property is situated within an established local parade, surrounding occupiers including a range of retail and catering outlets.

DESCRIPTION
Comprises a lock up shop unit forming part of a parade of shop properties with residential flats/maisonettes over. The unit is arranged to provide front sales area with store, kitchen and Wc facilities. The premises benefit from a suspended ceiling with category II lighting and a glazed shop front with plinth.

ACCOMODATION
(With approximate dimensions and floor areas)
Shop - Ground Floor Only
Internal Width 20'11" 6.7m
Internal Depth 22'8" 6.9m
Sales Floor Area Approx. 454sq.ft 42sq.m
Store Room 38sq.ft 3.5sq.m

TERMS
130,000 (One Hundred and Thirty Thousand Pounds) for the benefit of our client's long leasehold interest which we are advised is for a term of 999 years at a Peppercorn rental.
Alternatively the premises are to be let on the basis of a new full repairing and insuring lease for a term of years to be agreed at a commencing rent of 8,500 (Eight Thousand Five Hundred Pounds) per annum exclusive

RATING ASSESMENT
We understand from the Valuation Office Agency (VOA) website that the rates payable on the premises are 3280.00 (2016/17 assessment). Interested parties are strongly advised to check the actual rates liability with the local authority directly.

LEGAL COSTS
Each party to bear their own legal and professional fees incurred in respect of this transaction.

VAT
We have been advised by our clients that VAT will NOT be payable upon the sale price under current legislation.

NOTES
We are advised by our clients that a service charge is levied by the owners in respect of a contribution towards the repair, maintenance, decoration and management of the common parts and structure. Full details awaited.

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