Nutfield Road, RH1
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- SECTOR
Commercial property for sale
Key features
- Commercial element comprises of one small kiosk shop let for retail use under the current E Use Class
- Three residential flats form the ground floor rear and upper parts
- Each flat requires updating with 67B and 67C being in need of a full refurbishment
- The shop enjoys the benefit of the front forecourt
- Located within a busy local shopping parade in South Merstham Village
- Opportunity to acquire, refurbish and regear.
Description
An opportunity to purchase the freehold interest under Title No SY593891 this three storey terraced premises offered for sale all fully let comprises of a small kiosk shop unit including the forecourt plus WC to the front then three self-contained flats currently let on an AST basis over the ground floor rear and upper parts. Each flat has been let on a fresh AST from 1.2.22 all EPC and EICR and gas safety checks are valid. Access to the flats is via the driveway that runs under part of the property to the rear and this provides access to the three flats and separately owned car workshop premises and yard behind. The driveway is included within the freehold but must be kept clear and is subject to rights of way benefitting neighbours to the side and rear. Our Client has decided to sell due to succession planning. The two of the three flats are in need of full refurbishment albeit being subject to existing Assured Shorthold Tenancies
ACCOMMODATION SUMMARY
No.67: Small retail (one room) unit with WC which is currently used as a secure store for the adjoining convenience store and rented by the next door neighbour with an opening twixt the two. The front forecourt is within the freehold and currently demised to the shop Tenant .
No.67a: Split level two bedroom flat over the first and second floors with ground floor entrance.
No.67b: One bedroom first floor flat to the front of the building with kitchen that needs fitting, sitting room, double bedroom and bathroom, all requiring full refurbishment.
No.67c: A ground floor studio flat with bed/sitting room, kitchen/diner and shower room all in need of refurbishment.
GUIDE PRICE
Offers in the region £345,000 for the freehold interest.
TENURE
Freehold sale under Title No SY593891 with each separate premises being subject to an existing lease or tenancy agreement (as noted below).
VAT
We are advised that the premises is not elected for VAT at present.
LEASE & TENANCY SCHEDULE
The premises are subject to the following leases:
Address Tenant Term Current Rent (pa) Next Review Notes
No. 67 Thuwaragan
Arruran t/a Corners
Convenience store 10 years
From 18.12.19 £4800pax 18.12.24 Tenant break
Provision
18.12.22.
No. 67a Private Tenant 6 month AST
From 1.2.22 £875pcm/£10,500pa N/A AST expires
31.7.22
No. 67b Private Tenant 6 month AST
From 1.2.22 £650pcm/£7800pa N/A AST expires
31.7.22
No. 67c Private Tenant 6 month AST
From 1.2.22 £600pcm/£7200pa N/A AST expires
31.7.22
COSTS
Each party are to bear their own costs in the transaction
BUSINESS RATES & COUNCIL TAX
From internet enquiries only the business rate and Council Tax assessments are as follows:
No. 67 Rateable Value £10,250
No. 67a Council Tax Band B
No. 67b Council Tax Band B
No 67c Council Tax Band B
Uniform Business Rate
Interested parties should verify this information and any transitional adjustments prior to
entering into any contract.
EPC
EPC's are available for these properties.
No 67 -
No 67a has been rated D (59) valid until 6.1.32
No 67b has been rated D (68) valid until 18.2.32
No 67c has been rated D (59) valid until 6.1.32
A full copy of the EPC's are available upon request.
VIEWING
Strictly by appointment with the Landlord's Sole Agents Robinsons telephone
Nutfield Road, RH1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Merstham Station0.4 miles
- Redhill Station1.4 miles
- Earlswood (Surrey) Station2.3 miles
Commercial Services
The Commercial Agency Department operates through both offices and is one of the leading commercial agency practices in East Surrey. Whilst our primary catchment area is East Surrey our activities and services stretch much further afield including London, Sussex and throughout the South East of England.
We specialize in the sale, letting, acquisition and disposal of Commercial Property including offices, serviced offices, retail, restaurants, industrial/
Notes
Disclaimer - Property reference 67nutfieldrd. 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 Robinsons, Commercial, Reigate. 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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