An attractive mixed-use, prime town centre investment, with development potential of the upper parts, subject to the necessary consent.
The premises comprise a substantial, three storey mid terrace building.
The ground floor retail unit, trading as James at Atelier 18 hairdressers, has been fitted out to a high standard with a tiled floor, ceiling spotlights and air conditioning, together with a modern kitchen area and two toilets.
Two external stairwells lead to the first floor walkway at the rear, providing access to the large 3-bedroom flat above, which has its own entrance. The flat offers potential to be converted into two separate units as others have done in this parade, subject to the necessary consents.
Location
The premises occupy a well-established and strong retail location on Banstead High Street which has a good selection of independent and national multiple retailers. The property is located directly opposite M&S Simply Food. Other occupiers close by include Robert Dyas, Zizzi, Café Nero, Coral and Lorimers.
Banstead benefits from good road and rail links with Junction 8 of the M25 accessible via the A217 at Reigate. Banstead Mainline Railway Station is approximately 1 mile to the north of the property and provides frequent services to London and East Croydon.
Accommodation
Ground Floor - Retail - 559 sq ft (51.93 sq m)
1st & 2nd Floor Flat - Entrance hall, kitchen, living room, 3 bedrooms & bathroom - 866 sq ft (80.5 sq m)
Terms
EPC - This property has an EPC Rating of C (63) for the shop and D (67) for the flat.
TENURE - Freehold.
SALE PRICE - We are instructed to seek £675,000 for the freehold, subject to contract.
VAT - We understand that VAT is not applicable to the sale price.
LEGAL COSTS - Each party is to pay their own costs.
TENANCY - See attached brochure for information.
Specification
- Freehold mixed use retail & residential investment
- Prime High Street location opposite M&S
- Ground floor shop let to Atelier 18 Ltd (hairdressers)
- Current shop rent of £22,500 per annum
- Spacious, split-level, self-contained 3 bed flat above - potential to convert into two units, subject to consent
- Flat to be sold with vacant possession
- Freehold price £675,000 (subject to contract)
- No VAT