FOR SALE Retail / Residential Development
Opportunity STP
61 & 63-65 Westway, Caterham, CR3 5TQ
61 & 63-65 Westway, Caterham, CR3 5TQ
Location
The two properties for sale front the southern side of the Westway and are situated at the western end of the high street. Westway provides a short retail parade offering a range of amenities and facilities including a children’s day nursery to the immediate west. One mile southeast of the site is Caterham town centre where a wider range of shops and amenities are found including retailers such as Waitrose, Morrisons and Pizza Express.
The wider locality is predominantly residential in character with residents benefiting from good transport links into London via Caterham railway station. Journeys to London Bridge and London Victoria are approximately 50 minutes. The M25 orbital motorway is three miles south and can be reached within 10 minutes by car.
The property falls within the administrative area of Surrey County Council.
61 & 63-65 Westway, Caterham, CR3 5TQ
Description
The subject site comprises two neighbouring detached properties both providing retail accommodation at ground floor with associated residential accommodation above.
61 Westway The property forms a ground floor shop measuring to approximately 574 sq ft with a self- contained one bedroom flat above currently let to a tenant on an assured shorthold tenancy agreement. To the rear of the shop is a small yard area. The total site area measures to 63.025 sqm (0.0063 ha / 0.0155 acres) as outlined in blue.
63 – 65 Westway The property comprises a ground floor shop measuring to approximately 609 sq ft with two reception rooms, kitchen, bathroom and WC also at ground floor level. To the first floor are four good sized double bedrooms. A large yard area is provided to the side and rear where there is also a single lock-up garage and space for parking. The total site area measures to 298.56 sqm (0.029 ha / 0.07acres) as outlined in red.
The total site area of the two combined sites measures to 0.036 hectares (0.089 acres) approximately.
Opportunity
The sale presents two freehold retail units with associated residential accommodation and additional yard space.
We would expect the site to be of interest to retailers who are seeking a premises in Caterham, and also, residential developers.
The vendor is willing to consider both unconditional offers and offers made subject to the grant of planning permission.
61 & 63-65 Westway, Caterham, CR3 5TQ
Tenure Offers
The freehold interest in the site is offered for sale. Offers for the property are sought either on an unconditional basis, or on a subject to planning basis and should be submitted in writing to the Vendor’s agent. Any offer Price should include:
Offers are invited in excess of £650,000. State the name of your solicitor; Provide financial evidence of your ability to complete the purchase and track Services record; Timescales for exchange of contracts and completion of sale. Mains water, electricity and drainage are available; however, it will be the responsibility of the interested party to ensure that they are available and Should you wish to impose any conditions, other than being subject to contract then adequate for any future use. these conditions should be clearly stated.
VAT Further Information
Applicants are to make their own enquiries. On request we can provide Energy Performance Certificates
Viewing
The property can be viewed from the adopted Highway; however, access on to the property must be arranged by appointment through the vendor’s agent.
SUBJECT TO CONTRACT Stiles Harold Williams prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Stiles Harold Williams will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Stiles Harold Williams may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. NOTE: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
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Viewing Strictly by appointment with the vendor’s agents Stiles Harold Williams