Restaurant/cafe to let in Croydon Road, Caterham CR3
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Property description
Location
The premises occupy a prominent location on Croydon Road at the end of this popular shopping parade between Caterham Town Centre and the Wapses Lodge roundabout junction with the A22.
Caterham benefits from good road and rail connections with Junction 6 of the M25 close-by at Godstone. There are Mainline Railway Stations close by (Caterham and Whyteleafe South) providing regular services to Croydon and London
Description & accommodation
The premises comprise a three-storey building currently arranged to provide a ground floor restaurant / takeaway with a self-contained, 3 bedroom flat on the first and second floors. There is a single parking space at the rear.
The ground floor restaurant provides for 46 covers in its current configuration and includes separate male and female toilet facilities and a built-in bar area. The kitchen is located at the rear of the premises along with a storage area. The flat can be accessed either externally or via an internal staircase.
The accommodation and net internal floor areas are as follows:-
Ground Floor Restaurant 617 sq.ft (57.32 sq.m)
Kitchen 220 sq.ft (20.44 sq.m)
Storage 94 sq.ft (8.73 sq.m)
Total 931 sq.ft (86.49 sq.m)
Outside 1 private parking space at rear
First Floor Living Room, Kitchen, Bedroom 1
Second Floor Bedroom 2, Bedroom 3, Bathroom & Storage
tenancy - The whole property is held on a lease for a term of 20 years from 26 November 2014. The current rent is £17,000 per annum exclusive and the lease provides for five yearly rent reviews. A lease extension back up to 20 years may be available from the landlord if required.
Price - The lease, goodwill of the existing business, fixtures and fittings are available for £90,000 plus stock at valuation. Further information and accounts are available upon request. Subject to contract
VAT - We understand that VAT is not applicable to the rent.
Rates - The Valuation Office Agency website describes the property as “Shop & Premises” and advises that the 2023 Rateable Value is £14,250. The current ubr is 49.9 pence in the £. The flat is within Band C for Council Tax purposes.
EPC - This shop has an EPC Rating of D (91). The flat has an EPC Rating of D (66)
Costs - Each party is to bear their own legal costs.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Rayners Commercial, RH2 on +44 1737 483102 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Rayners Commercial, and do not constitute property particulars. Please contact Rayners Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.