Station Approach, Tadworth

£750,000 For Sale

Property Description

  • Three storey mixed use character building
  • Ground floor let on 25 year lease from 29.2.16 at a passing rent of £27,000 pax operating as a restaurant
  • Large split level flat forms the upper parts
  • Selling as an investment but V.P is an option
  • Located close to Tadworth station and amenities

Details

LOCATION

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.

 

DESCRIPTION

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 granted to Time Well Spent and long 999 year leasehold interest of the residential upper parts. The uppers are particularly spacious and have and estimated rental value on an Assured Shorthold Tenancy of £ 1500pcm and are offered with vacant possession.There may be an option to purchase the two parts with full vacant possession to suit an owner occupier buyer.

 

GROUND FLOOR

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.

 

MAISONETTE

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.

 

OUTSIDE

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

Office/prep room

Kitchen

Stores

825 sq ft

145 sq ft

300 sq ft

130 sq ft

76.65 m2

13.47 m2

27.87 m2

12.08 m2

 

Approx Total Area 1400 sq ft (130.06m2)

 

PRICE

Offers in the region of £750,000 Subject to Contract for the whole as a split sale between Title number SY454972 (£425,000) and Title number SY832396 (£325,000)

 

TENURE

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

 

RATES

From Internet enquiries only, the business rates are as follows:-

 

2010 Rateable Value                                              £13,250

Uniform Business Rate                                     0.466p (April 2015 – March 2016)

Council tax for residential uppers                         Band A

 

Interested parties should verify this information and any transitional adjustments prior to entering into any contract.

 

LEGAL COSTS

Each party to bear their own legal costs in the transaction.

 

EPC

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)

 

VIEWING 

Strictly by prior appointment with the Landlord’s Agents:

 

ROBINSONS with Martin Brown

www.robinsonsmb.com

Steve Lane 01737 229201

 

 

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