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Two Linked Retail Units, 450A & B, 452 London Road, North Cheam, Sutton, SM3 8JB

3,395 Sq Ft / Retail / General Retail

For Sale

Withdrawn - Last updated: 16 January 2020

The property comprises a two retail units that have been linked to provide showroom space.

( Agency Pilot Software Ref: 235 )

Location

The property is located in a prominent position on London Road (A24) close to the main North Cheam crossroads and junction with Malden Road/Cheam Common Road. Nearby occupiers include Sainsbury's, Wetherspoons, Costa Coffee and Greggs.

Accommodation

Gross Frontage - 17.17 m (56'4")
Internal Width - 17.39 m (57'1")
Shop Depth - 19.39 m (63'7")
Sales Area (gross) - 315.52 sq m (3,395 sq ft)
Basement Ancillary - 198.93 sq m (2,141 sq ft)

In addition, there is rear loading and car parking for the retail showroom.

Terms

The property is available Freehold with full vacant possession of the ground floor showroom. The residential upper parts (8 self-contained flats) have been sold off on long Leases.

VAT: The property has not been elected for VAT.

Guide Price: £550,000-£575,000 for the Freehold interest.

Rates: According to the VOA website, the property has a Rateable Value of £19,750. Therefore, Rates Payable in the current financial year for 2019-2020 are £9,954.

NB: Please note that the rates actually payable may be subject to transitional relief. For a more accurate assessment of rates payable for the current year, please contact the Local Authority.

EPC: The ground floor has a current rating of D (87).

Legal Costs: Each party is to be responsible for their own costs in this transaction.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price: £550,000 - £575,000 For Sale Freehold NA NA

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