Station Road East, Oxted

£25,000 PA To Let

Property Description

  • Well established in the centre of Oxted
  • Traditional and appealing shop unit
  • Benefits from prominent raised frontage
  • Approx 573 sq ft clear retail space.
  • Additional rear studio approx. 155 sq ft

LOCATION

Situated in the prime retail area of Station Road East in the centre of Oxted opposite Costa Coffee and close to multiples including Sainsbury Local, Boots, Carpetright, Co-Op and Waitrose together with a wide variety of independent trading retailers and businesses.

Central Oxted benefits from BR station and Station Road East forms the main access into the town from the A25 with Waitrose at the upper end. Short term street parking is permitted opposite the shop unit with longer term parking in Local Authority car park behind Boots which is very close by.

 

DESCRIPTION

The premises form a very appealing traditional retail unit raised from the pavement providing highly visible and prominent timber shopfront. The accommodation is currently arranged as clear retail space plus rear store created by partitioning with WC. Internally woodblock flooring, and high ceilings enhance the appeal.

There is also the benefit of a detached rear studio behind the shop unit accessed from an alleyway beside the building which could form a variety of uses STPP

THE BUSINESS OPPORTUNITY FOR SALE

Due to retirement our Client is looking to sell the trading business of Oxted Health Foods which is well established and has traded in the this location for over 26 years.He would seek a small premium for goodwill (Guide: £25,000) and stock at value (currently stock circa £20,000). Accounts and commercial information will be made available by our Clients accountant following signing of a confidentiality waiver.

 

ACCOMMODATION      

 

 

 

 

Shop depth

32’11”

10.03m

Shop width

17’5”

5.31m

Retail area                  

573 sq ft

53.23m2

Rear stores

193 sq ft

17.93m2

Rear studio

155 sq ft

14.40m2

 

Total internal area – 766 sq ft (71.19m2)

 

RENT      

The rent is to be £25,000 per annum exclusive

 

SERVICE CHARGE

A service charge will be payable in addition to the rent.

LEASE TERMS   

The premises are offered EITHER by the existing Tenant seeking an assignment of the existing lease granted for a term of 15 years from 15.6.07 at a passing rent of £24,000 pax OR new lease is to be granted direct by the Landlord for a new term and rent review pattern to be agreed at a commencing rent of

£ 25,000 pax outside the Landlord and Tenant Act 1954 for the shop alone or £28,000 pax to include the rear studio.

RATES

The Valuation Office Agency lists the property as having a rateable value of £17,750.

VAT

We understand that the premises is not elected for VAT. All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989.

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