Shop for sale

High Street, London, SE20

£475,000
484 sq. ft.

Property Description

Commercial information

  • 484 sq ft (44 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Investment for Sale
  • Subject to existing Tenancies
  • Prominent position

Full description

Tenure: Freehold

GROUND FLOOR CAFE ?WITH RESIDENTIAL UPPER PARTS

FREEHOLD INVESTMENT FOR SALE

Location:
The property is situated in a prominent position in the High Street within an established parade comprising a mix of retail and commercial premises.

Description/Accommodation:
The property comprises a ground floor Cafe with the benefit of an A3 Licence currently operating as The Hard Edge Cafe together with a one bedroom flat above.

The ground floor comprises an open plan seating area with additional forecourt seating together with rear kitchen and storage/preparation areas.

The net internal areas are as follows:
Sales Area; 33.44 sq m (360 sq ft)
Kitchen: 5.58 sq m (60 sq ft)
Rear Preparation and Storage area: 5.95 sq m (64 sq ft)
Total: 44.97 sq m (484 sq ft)

There is rear access to the property which is useful in terms of deliveries.

At first floor level is a self-contained one bedroom flat.

Tenancies:
The ground floor is leased to Christian Breteche trading as The Hard Edge Cafe on effective full repairing and insuring terms expiring on 4th August 2021, subject to 5 yearly rent reviews at a current rent of £16,000 pax.

The first floor flat is let on an Assured Shorthold Tenancy currently let at £860 pcm.

Terms:?
The freehold interest is available for sale subject to the above tenancies. Offers are sought in the region of £475,000 plus VAT (if applicable), subject to Contract

Business Rates:
According to the Government website the Rateable Value is £6,700 pa. The UBR for 2017/18 is 46.6p 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

Nearest stations

  • Penge East (0.2 mi)
  • Penge West (0.3 mi)
  • Kent House (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Gildersleve & Payne, Surrey

31 Station Road West, Oxted, Surrey, RH8 9EE

01883 338542 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Gildersleve & Payne, Surrey

31 Station Road West, Oxted, Surrey, RH8 9EE

01883 338542 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Penge East (0.2 mi)
  • Penge West (0.3 mi)
  • Kent House (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Gildersleve & Payne, Surrey

31 Station Road West, Oxted, Surrey, RH8 9EE

01883 338542 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 113HSP. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gildersleve & Payne, Surrey. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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