88-88a Leatherhead Road

Chessington, Surrey, KT9 2HY

2,646 sq ft Retail, Investment Property, Development (Land & Buildings), For Sale

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Retail Unit With Residential Upper Parts

Property Type Retail, Investment Property, Development (Land & Buildings)
Tenure For Sale
Size 2,646 sq ft
Freehold Price £400,000
Business Rates £9,819.50 per annum (based on rateable value of £20,500) england-standard

Key Points

  • Of Interest to Occupiers / Developers / Investors
  • Live / Work Opportunity
  • Development Potential
  • Excellent Road Prominence

Location

The property is located on the Leatherhead Road in Chessington, ideally located with excellent transport links to the A3 and M25 (junction 9 & 10). Chessington North and South train stations are both within a short walk providing direct links to London Waterloo with a journey time of approx. 35 minutes. Furthermore, there are multiple bus routes that serve the local and regional area.

The property comprises a primarily two-storey, semi-detached building fronting Leatherhead Road. The ground floor comprises a self-contained lock-up retail unit currently being used as a vehicle tyre dealership & fitting / storage facility. There is a small retail area at the front behind which the property has been extended to create a single-storey workshop area. At the rear of the workshop, there is a door leading to a small yard area benefitting from a canopy currently used as fitting bays. To the rear of the yard, there is a small warehouse facility with an internal timber-framed mezzanine structure throughout. The unit also benefits from a WC facility housed in a separate block behind the main building. There is off-street parking at the front of the property and also at the rear of the site behind the warehouse building.

To the left-hand side of the retail unit, there is a door leading into the residential flat. At ground floor level, there is a kitchen facility and stairs leading to the first floor. The first floor comprises 2 x bedrooms, lounge and bathroom. The flat benefits from gas central heating and double-glazed, UPVC window units.

Accommodation

We note the following gross internal measurements;

Retail Area 332 sq ft    81.06 sq m   
Workshop 476 sq ft 36.04 sq m
Covered Fitting Bay 388 sq ft 44.27 sq m
Warehouse (excluding mezzanine) 872 sq ft 30.88 sq m

The residential flat measures approximately 578 sq ft (53.68 sq m).

Tenure

The property is available in its entirety freehold. However, a long-leasehold interest has also been granted by the vendor to himself of the residential flat for a term of 125 yrs expiring 2138. It is intended that both interests shall be sold simultaneously afterwhich the buyer could surrender the long-leasehold interest if required. A copy of the long-leasehold lease is available on request. 

Tenancy

The ground floor premises is being sold with vacant possession. However, the residential flat is to be sold subject to an existing assured shorthold tenancy dated 17th January 2017 at a monthly rent of £950.00. The tenancy expires on the 22nd April 2018. However, there is a mutual rolling break which can be exercised from the 23rd October 2017, both parties giving not less than 2 months notice.

Viewings

Strictly by appointment with the sole selling agents Hurst Warne.