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The premises are situated in the heart of Oxted on the south side of Station Road West with an appealing outlook from the front office rooms over Master Park and within 2 mins walk of Oxted BR station. Morrisons supermarket and local amenities are close by.
The investment comprises a three storey semi detached premises dating from around 1890 with tile hung upper elevations and would have originally formed a detached house but is now joined to 14 Station Road West and has been converted to offices and has operated as such for decades.
The building is constructed of brickwork with a two storey brick and pitched tiled roof extension beyond which there is a further later addition single storey extension of brick construction with a flat felt roof. There is also a detached shed in the rear yard (currently used as a DX store ). We also wish to disclose that a separately owned office unit behind 12 Station Road West has pedestrian right of way from the Station Road West pavement across the rear yard of 12 .
Internally the building is arranged as offices over the ground first and second floors with a range of cellular office rooms and further rooms created by partitioning to suit the occupiers needs. There is also a basement. The building benefits from gas fired central heating with kitchen and WC to ground floor and WC to the first floor.
Kitchen and store room
Total net lettable area
An opportunity to purchase a fully let office building investment let to a long established law firm.
Sale of the freehold interest under Title No
SY89290 subject to the following lease:
The premises are subject to a 10 year lease granted from 1.4.19 within the security provisions of the LTA 1954 granted to Morr & CO LLP Solicitors ( Company No OC317735) at a passing rent of £27,000 pax . The lease provided for a Tenant break provision in 31.3.22 which has passed and an further break in 31.3.25 and an upward only Rent Review provision 1.4.24. The lessee covenants to keep the building in good condition subject to a schedule of condition prepared at the lease renewal date (copy available to interested parties). The Lessee did have pre-emption rights to purchase the freehold which they have declined (dated 15.2.22)
Offers in the region of £450,000 for the freehold interest subject to the existing protected lease.
Valuation Office Agency lists the office premises as having a rateable value of £27,500 with the Tenant being liable for business rates.
We understand that the premises is not elected for VAT so VAT should not be payable on the purchase price. All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989.
Each party to be responsible for their own legal costs in the transaction.
Strictly by prior appointment only through sole agents: