888 SQ FT (82.50 SQ M)
PRIME A1 / A2 RETAIL PREMISES (RESIDENTIAL UPPER PARTS AVAILABLE BY SEPARATE NEGOTIATION)
*HIGH FOOTFALL TRADING LOCATION*
TO LET
1 CENTRAL PARADE, 254 STREATHAM HIGH ROAD STREATHAM, LONDON SW16 1HT
Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk
Residential / Commercial / Rural / Development / Auctions
Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION
The property is situated on north side of Streatham High Road (A23) which forms part of an extremely busy main road connecting the centres of Croydon, Norbury, Streatham and Brixton. The property occupies a prime high street location where a number of both local and national retailers are represented, together with banking and catering facilities. Nearby occupiers include Poundworld, Paddy Power, William Hill, J D Weatherspoon, KFC and Tops Pizza. The property is situated 0.3 miles from Streatham mainline station and 0.6 miles from Streatham Hill Station. A location plan and street view of Streatham High Road can be viewed online through Google Maps by typing in the property’s postcode SW16 1HT
ACCOMMODATION
The premises are arranged over ground floor and offer a net internal floor area of 888 sq ft (82.5 sq m). The property benefits from rear access.
TERMS
The premises are available for rent upon an effective full repairing and insuring lease for a term to be agreed. A rental deposit, bank and trade references will be required.
RENT
£32,500 per annum exclusive, payable quarterly in-advance. The property has not been elected and is therefore not subject to VAT.
RESIDENTIAL MAISONETTE
The residential upper parts which comprise a spacious 4 bedroom self-contained maisonette extending to 1,800 sq ft could be made available by separate negotiation. Our client would accept an annual exclusive rent of £50,000 for both shop (lease) and maisonette (AST), subject to acceptable terms offered.
LEGAL FEES
Each party to be responsible for their own legal fees.
PLANNING
The existing Use Class of the commercial aspect falls within A1 Shops of the Town and Country Planning (Use Classes) Order 1987 (as amended). Under the current planning law, a permitted change of use to A2 (Financial & Professional Services) is allowed.
BUSINESS RATES (2017/2018 FINANCIAL YEAR)
The current Rateable Value advertised by the Gov.UK www.gov.uk is £16,500. The Uniform Business Rate multiplier for 2017/2018 is 46.6p in the £ making the Rates Payable £7,689.
Interested parties are advised to contact Lambeth Council on 020 7926 1000 to verify the above figures.
VIEWING ARRANGEMENTS
The shop is currently let short term to Urban Desire Limited and may be informally inspected as a customer. We politely request interested parties not to approach the existing tenant or staff members. Arrangements for thorough inspections can be made by appointment with joint sole letting agents Henry Adams Commercial and Robert Irving Burns
CONTACTS
Henry Adams Commercial Robert Irving Burns Andrew Mark Algar Jaimie Grossman
01403 282 519 | 07868 434 449 020 7927 0624 / 020 7637 0821 [email protected] [email protected]
LOCATION MAP – NOT TO SCALE
Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer-generated images show only certain parts and aspects of the property at the time they were taken or created.
Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.