Stoneleigh Broadway. Freehold Shop – For Sale

LOCATION:
The property forms part of the busy Stoneleigh Broadway shopping parade close by to its junction with Rosedale Road and directly opposite Stoneleigh Railway Station.

DESCRIPTION:
A ground floor commercial shop/office premises forming part of a three storey inner terrace mixed residential and commercial building.

The ground floor shop is currently occupied and trading as a Dry Cleaners Business and provides the following areas/dimensions:

Gross Frontage – 16’ 10”
Shop Depth – 49’
Net Internal Area – 710 square feet plus small rear washroom facility.

Features Include:
• Modern metal framed and glazed display window frontage with central entrance door;
• Prominent illuminated fascia signage;
• Suspended ceiling with diffused light fitments;
• Tiled floor coverings throughout;
• Free customer car parking to front of property;
• Rear garage space in detached block;
• Rear small washroom facility.

PLANNING:
The shop has the benefit of Planning Use Class ‘E’ which includes retail, office, restaurant, café and medical/leisure uses.

BUSINESS RATES:
The annual Business Rates payable are currently £5,738 for the year ending 31st March 2024. This amount can be further reduced by application to the Local Authority for Small Business Rates Relief.

UPPER RESIDENTIAL LONG LEASEHOLD DETAILS:
The self-contained residential flat arranged on the first and second floor over has been sold off on a Long Leasehold Interest for a term of 125 years from 9th November 1999 (Therefore 101 years currently unexpired) with an annual ground rent payable to the Freeholder of £25 per annum exclusive increasing to £50 per annum exclusive in November 2024.

TERMS:
The Freehold Interest in the property, subject to full vacant possession of the ground floor commercial shop premises, is offered for sale.

ASKING PRICE:
Offers for the Freehold Interest are invited in the region of £255,000.

EPC:
An Energy Performance Certificate has been commissioned and will be made available to all interested applicants.

FURTHER DETAILS/VIEWING:
Strictly by appointment with Vendors Sole Agents, Wallakers Commercial on 020-8399-5381.