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Station Road West, Oxted, Surrey, RH8

Let Agreed £17,500 pa| £1,458 pcm

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Well Established Business For Sale
  • On Existing Lease Terms
  • Basement Storage

Full description

JJ'S CHILDRENSWEAR BUSINESS FOR SALE
CONFIDENTIALLY AVAILABLE

Location:
The property is situated on the West side of Oxted Town Centre within the Conservation Area and within walking distance of Oxted's mainline Station with three services an hour up to London Victoria and London Bridge via East Croydon. Junction 6 of the M25 at Godstone is approximately 3 miles distant which in turn provides good access to Gatwick Airport. Also situated in Station Road West are the Post Office, Barclays and Lloyds Banks.

Description/Accommodation:
The accommodation comprises an attractive period style double fronted retail unit with ancillary areas to the rear including a kitchen and wc. There is also a large basement which provides useful storage accommodation.

Ground Floor
Retail area and Ancillary 47.99 sq m (516.5 sq ft)
Basement 35.3 sq m (380 sq ft)
Total 83.29 sq m (896.5 sq ft)

The Business:
The business was established in 1996 and had previously traded as Lollypop for 12 years. The business is well known locally with a very good reputation and strong supplier and customer base.

The main products are shoes, clothing, dance wear, gifts, and Steiff Bears. The Business is available for sale due to the planned retirement of the current owners. The sale will include all fixtures, fittings and goodwill. Stock will be transferred upon completion at cost.

A full inventory of all fixtures and fittings will be provided and full financial accounts are available for inspection upon application.

Terms:
Turnover over the last three years has been well in excess of 200,000 per annum and it is felt that there is are a number of opportunities to grow this well established business. The business is available for sale and offers are sought in the region of 25,000.

Lease Terms:
The lease is for a term of 6 years from December 2014 at a current of 17,500 per annum with a rent review at 25th December 2017. There is also a Tenant Break Clause at 25th December 2017.

It is understood that the Landlord is willing to consider the grant of a new lease.

Business Rates:
According to the Government website the property has a Rateable Value of 9,800. The UBR for 2016/17 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.


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