Limpsfield Road, Warlingham, Surrey, CR6

LOCATION
Set within an established neighbourhood retail parade near Hamsey Green, fronting Limpsfield Road, the B269, a busy road link into south east London. Via Sanderstead. The parade hosts a mix of independent retail and service providers serving the local and wider communities. The local population of the combined areas of Warlingham, Hamsey Green and Sanderstead is approaching 20,000 residents.

PREMISES
A ground floor retail lock up, with glazed frontage to the service road with public parking and rear access on foot.

ACCOMMODATION
Fitted out as a tanning salon, comprising open plan floor space, toilet with a shower and a kitchen.

FLOOR AREA & MEASUREMENTS
Net internal floor area is approximately 58.33 sq.m (628 sq.ft.).

TENANT
The shop is let to Tan FX Limited on an effectively full repairing and insuring lease, for a term of 10 years from 23 January 2023, at £16,000 pa, payable quarterly in advance. There is a rent review on 23 January 2028.

FOR SALE
£225,000 guide price for 999 year leasehold interest at a peppercorn rent, dating from 2017. The freeholder may consider selling their interest, which is subject to both the 999 year lease on the ground floor and a long leasehold interest on the self contained flat above.

SERVICE CHARGE
There is no service charge payable on account. The 999 year lease requires the leaseholder to contribute a fair proportion to repairs and maintenance, when required.

RATING
Assessed as 'Shop and Premises' RV £10,750 per annum. The tenant benefits from small business relief.

VAT
VAT is not payable on the sale price.

LEGAL COSTS
Each party to be responsible for their own legal and professional costs.

VIEWING
strictly by prior appointment with DBLS.

IMPORTANT NOTICE: DBLS, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and DBLS have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.