An attractive mixed-use, town centre investment.
The premises comprise three well established retail units fronting the High Street; La Fiaba Mediterranean Restaurant, Traditional Butchers and Flow Therapy. Fiaba restaurant at 22A High Street includes a 1-bedroom owners flat above. There is also a self-contained spacious split level 3-bedroom flat at 22B High Street and a studio flat known as 22X High Street which are let out separately.
There are three light industrial / storage premises at the rear of the High Street, together with 4 garages which are all let out separately.
The freehold includes the rear service road and parking areas, with access from Park Road.
Location
The premises occupy a strong High Street location in the centre of Caterham on the Hill which has a wide selection of shops, restaurants and other local amenities.
Caterham on the Hill benefits from good road and rail connections with Junction 6 of the M25 close-by at Godstone. There is a Mainline Railway Station in Caterham Valley (0.75 miles) providing regular services to Croydon and London.
There are a number of on-street parking bays along this section of the High Street as well as free parking in the Raglan Shopping Precinct car park nearby.
Accommodation
22A High Street (Restaurant & Manager's Flat): 2,094 sq ft (194.54 sq m)
22 High Street (Butchers): 956 sq ft (88.82 sq m)
20A High Street (Flow Therapy) — Ground Floor: 570 sq ft (52.95 sq m) | Basement: 179 sq ft (16.63 sq m)
22B High Street (Flat): 1,363 sq ft (126.63 sq m)
22X High Street (Flat): 365 sq ft (33.91 sq m)
22D High Street (Industrial): 1,791 sq ft (166.39 sq m)
Store rear of 22 High Street: 704 sq ft (65.40 sq m)
Store rear of 26-28 High Street: 545 sq ft (50.63 sq m)
4 x Garages: 4 x 175 sq ft (4 x 16.26 sq m)
Total Combined Floor Area (calculated): 9,267 sq ft
Terms
For full Tenancy Schedule, please view attached brochure
Sale Price & Potential: We are instructed to seek £1,450,000 for the freehold (which comprises three separate titles), subject to contract. Potential for active management and possible longer term development opportunity.
Total Income: £122,750 per annum
Tenure: Freehold
VAT: We understand that VAT is not applicable to the sale price.
EPC: The current EPC ratings are as follows:
22A High Street (Restaurant) B (48)
22 High Street (Butcher) E (120)
20A High Street (Beauty Therapist) D (91)
22B High Street (flat) D (66)
22X High Street (Flat) E (51)
22D High Street (Industrial) D (98)
Store r/o 22 High Street Exempt
Store r/o 26-28 High Street Exempt
Legal Costs: Each party is to pay their own costs.
Specification
- First time on the market for over 100 years
- Freehold retail, industrial, garage & residential investment
- High Street location
- Italian restaurant, Butchers & Beauty Therapist
- 3 x light industrial units / Storage
- 3 x Flats
- 4 x Garages
- Total income £122,750 per annum
- Freehold price £1,450,000 (subject to contract)
- No VAT