A ground floor retail unit with basement storage. The property previously traded as an off-licence. The premises comprise a main retail area together with a rear storage area, toilet and kitchenette. There is a staircase down from the main retail area to the basement storage.
Location
The Premises are located in the heart of Kingswood Village on Waterhouse Lane. This is a well established local shopping centre including Coughlans, Pets Corner, The Kingswood Arms pub and a good mix of independent traders. Kingswood benefits from excellent road and rail connections. The A217 provides direct access to London and Junction 8 of the M25 (3.5 miles to the south). Kingswood Station, at the end of this parade, provides regular trains to East Croydon and Central London.
Accommodation
Retail area - 562 sq.ft (52.2 sq.m)
Rear storage - 207 sq.ft (19.2 sq.m)
Basement Storage - 250 sq.ft (23.2 sq.m)
Total - 1,019 sq.ft (94.67 sq.m)
Terms
TERMS - Available to let on a new, full repairing and insuring lease, for a term to be agreed at an initial rent of £17,500 per annum exclusive.
Subject to Contract
RATES - The Valuation Office Agency website describes the property as “Shop & Premises” and advises that the 2023 Rateable Value is £9,400. The current UBR is 49.9 pence in the £. We understand the premises may qualify for Small Business Rates Relief. Further enquiries in this respect should be made to Reigate & Banstead Borough Council.
VAT - We understand that VAT is not applicable to the rent.
COSTS - Each party to bear their own costs.
EPC - This property has an EPC rating of C (57).
Specification
- Ground Floor & Basement Class E / Retail premises to let
- Suitable for a wide variety of uses
- Well established local parade in close proximity of Kingswood Station
- On street parking
- Total floor area 1,019 sq.ft
- New lease available at £17,500 per annum (subject to contract)