London Victoria Properties are delighted to offer to the market this superb ground floor and basement A1 retail shop premises:-

DESCRIPTION: – The property comprises of a reasonably sized retail shop with full height basement storage that was previously used as a fancy dress hire shop which falls under Class A1 (Retail) use. Situated within a fully let local parade the shop benefits from off road parking with two spaces directly outside for customer parking and loading. The ground floor retail area has been fully refurbished.

LOCATION: – The property is situated within a fully let long established local parade at the western end of Stoats Nest Road on the B2030. The road links the Brighton Road, Purley to Coulsdon town centre thus attracting constant passing traffic and a local bus route. The parade benefits from off road parking.

ACCOMMODATION:
Net frontage 5.55m (18.2ft)
Shop depth 5.76m (18.9ft)
Overall retail area 32.m² (344.4ft²)
Basement 32.7m² (352ft²)

INGOING COSTS:-
Rent: £8,995 per annum
The ingoing tenant should be prepared to pay 3 month’s rent in advance: £2,248.75 along with the equivalent of 3 months rent to be paid and utilised as a security Deposit: £2,248.75
Admin/Reference Fee (all inclusive) which is £500. This is a one-off fee.
This also includes preparation of the Licence Agreement/Lease (up to 6 years) but should you wish to enter into a longer lease for say 10 years than the ingoing tenant will need to pay their own legal fees and the landlord will pay his own legal fees.

The ingoing tenant is also responsible for all utility costs and Business Rates. The property is currently exempt for Business Rates for a period of 12 months. Usually the Rateable Value is: £9,100 with actual rates payable of: £3,767.40 per annum. New businesses can also apply for Transitional Relief Discount after the 12 month period.

Please contact either Victoria on 07758265681 or Zak on 07771000906 to arrange a viewing! We hold keys to the property.