LOCATION: – The property is situated fronting London Road in North Cheam and is part of a prominent secondary parade. The property benefits from considerable passing vehicular traffic from the A24 linking Merton to Ewell. The property is close to the cross roads of London Road, Cheam Common Road & Malden Road which obliges passing traffic to slow or stop. The property shares the vicinity with a mixture of local and specialist trades and there are short term parking bays immediately outside encouraging quick stop trade to the location. The surrounding area is a densely populated residential catchment which the unit is able to service.
DESCRIPTION: – The property comprises a highly visible ground floor lock-up unit, most recently occupied by a retail door specialist. The property has a good frontage with an unusually deep fascia. benefits from solid flooring, suspended ceilings, ancillary storage to the rear and a fire exit to a service road. The property is considered suitable for a variety of uses.
ACCOMMODATION:
Gross frontage 6.47m (21ft)
Internal width 6.47m (21ft) widening to 9.139m (30ft) at 25.893m (85ft)
Max depth 30.78m (101ft approx.)
Sales area 157.527m² (1,695ft² approx.)
Store 1 12.989m2 (139ft2)
Store 2 24.185m2 (260ft2)
M & F WC’s
USE/PLANNING: – We understand the property currently falls within Class E of the latest Town & Country Planning Use Classes Order and is considered suitable for a variety of operations.
TENURE: – The property is to be offered by way of a new lease, the length of which is to be negotiated.
RENT/PRICE: – An initial rent of £28,500 per annum exclusive is sought.
EPC RATING: We understand a new EPC has been commissioned and the results will be published once available.
BUSINESS RATES: – The property has a ratable value of £14,250. Interested parties should contact the local authority to confirm the rates PAYABLE. www.tax.service.gov.uk/business-rates-find/search
VAT: – We are advised by the landlord that the property is not elected to VAT and VAT will therefore not be chargeable on all rents
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Location
SM3 8JW