20-22 High Street
Caterham
CR3 5UA
TWO FREEHOLD MIXED-USE RETAIL / LIGHT INDUSTRIAL / STORAGE & RESIDENTIAL INVESTMENTS
9267sq ft
Mixed Use Investment
£1,450,000
Key Features
- First time on the market for over 100 years
- Freehold retail, industrial, garage & residential investment
- High Street location
- Italian restaurant, Butchers & Beauty Therapist
- 3 x light industrial units / Storage
- 3 x Flats
- 4 x Garages
- Total income £122,750 per annum
- Freehold price £1,450,000 (subject to contract)
- No VAT
Description
An attractive mixed-use, town centre investment.
The premises comprise three well established retail units fronting the High Street; La Fiaba Mediterranean Restaurant, Traditional Butchers and Flow Therapy. Fiaba restaurant at 22A High Street includes a 1-bedroom owners flat above. There is also a self-contained spacious split level 3-bedroom flat at 22B High Street and a studio flat known as 22X High Street which are let out separately.
There are three light industrial / storage premises at the rear of the High Street, together with 4 garages which are all let out separately.
The freehold includes the rear service road and parking areas, with access from Park Road.
Location
The premises occupy a strong High Street location in the centre of Caterham on the Hill which has a wide selection of shops, restaurants and other local amenities.
Caterham on the Hill benefits from good road and rail connections with Junction 6 of the M25 close-by at Godstone. There is a Mainline Railway Station in Caterham Valley (0.75 miles) providing regular services to Croydon and London.
There are a number of on-street parking bays along this section of the High Street as well as free parking in the Raglan Shopping Precinct car park nearby.
Terms
We are instructed to seek £1,450,000 for the freehold (which comprises three separate titles), subject to contract. Potential for active management and possible longer term development opportunity.
TENURE
Freehold
EPC
The current EPC ratings are as follows:
22A High Street (Restaurant) B (48)
22 High Street (Butcher) E (120)
20A High Street (Beauty Therapist) D (91)
22B High Street (flat) D (66)
22X High Street (Flat) E (51)
22D High Street (Industrial) D (98)
Store r/o 22 High Street Exempt
Store r/o 26-28 High Street Exempt
Viewing
For further information or to view please contact:
Daniel Lascelles MPLAN Tel: 01737 222835
Email: daniel@raynerscommercial.com
Chris Richards MRICS Tel: 01737 222835
Email: chris@raynerscommercial.com
VAT
We understand that VAT is not applicable to the sale price.