The property is situated in the heart of Tadworth Village, on the approach to and close to the Station. The property benefits from timed parking bays directly outside.
Ideal opportunity for an investor/developer/owner occupier. We are instructed to sell the whole premises which is currently held in two parts with freehold ground floor restaurant premises which is subject to an existing lease which will terminate to enable a vacant possession sale and long 999 year leasehold interest of the residential upper parts. The uppers are particularly spacious and have an estimated rental value on an Assured Shorthold Tenancy of £1500pcm and are offered with vacant possession.
The building BENEFITS FROM PLANNING CONSENT granted by Reigate and Banstead Borough Council Planning Ref: 20/00802/F providing for change of use of the ground floor from A3 to B1(a) offices and a 3 bed flat and extension part one and part two storey forming the three flats described. Full details and plans can be obtained via www.planning.reigate-banstead.gov.uk. . We are still awaiting confirmation of the CIL levy but this is anticipated to reflect net increase of 114.8 sq m chargeable in Zone 2 at £140 sq m = £16,072 (estimated).We are also minded that a buyer may well return to seek an enhanced planning consent to reconfigure the ground floor residential element from the consented three bedroom flat into 1 x one bedroom flat and 1x two bedroom flat.
Currently arranged as a well appointed and latterly refitted ‘L’ shaped restaurant with pavement seating, ancillary office, three separate well appointed WCs and kitchen, plus stores to the rear.
The spacious maisonette is arranged over two floors with three rooms, large kitchen, bathroom and shower room to the first floor and two further bedrooms and bathroom on the second floor. This self contained unit offers scope for extension or re-configuration S.T.P.P.
18’1 x 14’7
15’1 x 13’9 max (into bay)
18’2 x 13’7
13’9 x 13’7 max (into bay)
14’ x 8’
En suite bathroom
8’7 x 7’10
14’2 x 10’5
There is pedestrian fire escape access from the restaurant to the rear plus side loading and parking. The maisonette is accessed from a pedestrian walkway also to the rear.
Approx. measurements are as follows:-
Ground Floor Restaurant
825 sq ft
145 sq ft
300 sq ft
130 sq ft
Approx Total Area 1400 sq ft (130.06m2)
Offers in the region of £775,000 Subject to Contract for the whole as a split sale between Title number SY454972 and Title number SY832396
Ground floor: Freehold sale under Title number SY454972
First and second floor flat: Leasehold sale of 999 year lease from 20.11.15 Title number SY832396
From Internet enquiries only, the business rates are as follows:-
2017 Rateable Value £13,250
Uniform Business Rate 0.49p (April 2020 – March 2021)
Council tax for residential uppers Band A
Interested parties should verify this information and any transitional adjustments prior to entering into any contract.
Each party to bear their own legal costs in the transaction.
An EPC has been obtained for the restaurant: Rating C (69)
An EPC has been obtained for the residential uppers in 2015 (this may have improved) Rating E (48)
Strictly by prior appointment with the Landlord’s sole Agents:
Steve Lane 01737 229201