60 Godstone Road & 1A Station Approach, Hayes Lane, Kenley, Surrey, CR8 5AA

SITUATION
Occupying a prominent corner position on the main Godstone Road (A22) at the junction with Hayes Lane, amongst a host of independent retailers all serving the surrounding suburb of Kenley.
The A22 provides a direct road link between Purley and the M25 (Junction 6) and Kenley Station (Southern) is located just a few yards behind the property.
Kenley is situated approx. 13 miles south of Central London and approx. 3 miles south of Croydon.

PROPERTY
Forming part of a substantial purpose-built block comprising a Ground Floor Convenience Store with a Front Car Park for 5 cars.
In addition, the property includes a Ground Floor Shop at 1a Station Approach, Hayes Lane.

ACCOMMODATION
Ground Floor Convenience Store
Gross Frontage 54'6''
Internal Width 51'6''
narrowing at rear to 21'8''
Shop Depth 47'5''
Built Depth 62'10''
Area Approx. 2,500 sq ft
WC

Ground Floor Shop (1a Station Approach)
Gross Frontage 12'0''
Internal Width 10'11''
Shop Depth 27'11''
Built Depth 34'11''
WC

VAT is applicable to this Lot

TENURE
Leasehold for a term of 125 years from 1st March 1999 (thus having approx. 98 years unexpired) at a fixed ground rent of £0.05p per annum.

TENANCY
The property is let on a full repairing and insuring lease to Co-operative Group Food Limited t/a Kenley's Co-op (T/O for Y/E 04/01/2025 £8.5bn, Pre-Tax Profit £257m and Shareholders' Funds £1.58bn) for a term of 40 years (by way of a reversionary lease) from 1st March 1999 at a current rent of £42,000 per annum exclusive (rent agreed in 2024) rising to £44,000 per annum in 2029.

Rent Review and Tenant's Break 2034

Note 1: The Co-operative Group Food Limited sublet the Shop at 1a Station Approach to a hairdresser.

Note 2: The property is also known as 58 Godstone Road, Kenley, Surrey.

Note 3: There is a 6 week completion.