The premises comprise of two adjoining car workshops with forecourt area.
Unit 4 provides car workshop on the ground which includes a car spray oven. To the mezzanine floor are 3 office rooms together with fully fitted kitchen and bathroom/Wc.
Unit 4A comprises a single storey car workshop.
Location
Purley is located approx. 13 miles south of London. Nearby towns include Croydon approx. 3.5 miles North. A23 links up with the M23 and M25. Purley mainline station provides regular services to London (Victoria), London Bridge, and Gatwick airport.
The property is situated within the town centre close to the town’s retail shops, bars and restaurants. Mainline station is also within walking distance.
Accommodation
Unit 4
Ground Floor - 1,775 sq ft (165 sq m)
Mezzanine - 430 sq ft (40 sq m)
Total - 2,205 sq ft (205 sq m)
Unit 4A
Ground Floor - 1,108 sq ft (103 sq m)
Total for both units - 3,318 sq ft (308 sq m)
Terms
Tenancy - Both units are currently tenanted by one occupier. The premises will be sold subject to a 1 year tenancy from the 1st December 2018. The tenancy is outside the Landlord and Tenant Act 1954 in terms of rights to renew at the end of the term. Net rent for the year £20,040.
Price - £750,000 for the long leasehold interest subject to the short term tenancy and the fixtures and fittings (see attached list).
Long leasehold - The long leasehold interest is a shown by red verge on the plan attached. The lease is for a period of 997 years with effect from 24th June 1924. Hence just over approx. 902 years remaining. We understand that the ground rent is less than £50 per annum. There will be a prohibition within the lease for redevelopment for residential purposes.
VAT - We understand that VAT is not applicable.
EPC - Unit 4: Rated at D (87) Unit 4A: Rated at D (85)
Business Rates:
Unit 4 - Rateable Value - £14,750 - Amount payable for the year to 31/3/2019 - £7,080
Unit 4A - Rateable Value - £7,500 - Amount payable for the year to 31/3/2019 - £3,600
The occupier maybe entitled to small business rate relief on each unit especially if this is their only business premises. Any interested party should discuss directly with Croydon Business rates department.
Purchaser - The proposed purchaser will be required to provide written confirmation of funding. We are also required to seek written confirmation that the purchaser has satisfied their solicitor in terms of Money laundering checks.
Legal Costs - Each party is to bear their own legal costs incurred in this matter.
Specification
- Rare opportunity to buy an existing car service, spraying and MOT workshop.
- Town centre location.
- For Sale (Long leasehold Interest).
- 3,312 Sq Ft (307.85 sq m) plus forecourt area.
- Adjoining unit 4B is also available to purchase.
- Freehold is available if Units 4/4A/4B are bought together.