Retail property (high street) for sale
Property description & features
LOCATION
Banstead is a town in the borough of Reigate and Bastead in Surrey. It is 3 miles south of Sutton, 5 miles south-west of Croydon, 8 miles south-east of Kingston-upon-Thames and 13 miles south of central London. 101 High Street is situated in a prime location at the centre of Banstead High Street. This is an affluent shopping area located only 20 minutes walk from Banstead railway station to the north with trains direct to London Victoria via Clapham Junction. Other retailers include Waitrose, Boots, M & S Food, Zizzi’s, Cafe Nero, Costa Coffee, Starbucks and a number of independent operators.
DESCRIPTION
101 High Street is a retail unit comprising circa 222 sq ft occupied by The Children’s Trust in Banstead, Surrey for use as a charity shop. The premises are currently arranged over ground, first and second floors. To the rear is a large cleared open area currently not in use, with access directly from the High Street.
PLANNING CONSENTED
Ground floor extension to retail unit, alterations at first floor, including provision of rear terrace, extensions at second floor level, including the provisions of rear terrace, roof lights and the change of use at first and second floors to form 2 no residential aprtments (1 X 2B, 4P; 1 X 3B, 5P) with private outside amenity space.
FOR SALE - FREEHOLD COMMERCIAL INVESTMENT OPPORTUNITY WITH PLANNING TO CONVERT UPPER PARTS TO TWO RESIDENTIAL FLATS
The below link is reference to the planning application ref: 23/00533/F where further details, conditions and comments can be found.
TENANCIES
Full repairing and insuring lease - currently holding over - to The Children’s Trust. Lease dated 2011 and extended to 16th March 2024 at £31,600 per annum exclusive of rates and outgoings. Terms in principle agreed with the existing tenant to remain within the retail part only post redevelopment. Terms can be provided on request.
RATEABLE VALUE
Rateable value - £30,000
TENURE
Freehold - The property is held under title numbers SY763132 and SY728372
TERMS
Offers are invited at £775,000 for the Freehold interests. The asset is not held within any SPV and is sold subject to contract and with planning consent granted.
VIEWING
For viewing and further information please contact the joint selling agents RH & RW Clutton
RH & RW Clutton East Grinstead Office -[use Contact Agent Button]
Ben Hall - [use Contact Agent Button]
George Back - [use Contact Agent Button]
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Property reference RHS240009. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by RH & RW Clutton Property - East Grinstead.
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