22A Westway & Flat 5
Caterham on the Hill
CR3 5TP
MIXED USE FREEHOLD FOR SALE
1465 sq ft
Mixed Use Freehold
£450,000
Key Features
- Freehold commercial (Class E) premises with residential above
- Includes 1-bed flat. Other flats sold off on long leases.
- Parking for around 8 cars at rear
- Ground Floor commercial unit 1,465 sq. ft
- Potential for a range of uses (subject to planning)
- Commercial unit and Flat 5 to be sold with vacant possession
- Includes two further flats which are sold off on long leases
- No VAT
- Freehold price £450,000
- Class E commercial unit available separately at £260,000
Tenancy
| Address | Accommodation | Floor Area Sq.ft | Floor Area Sq.m | Tenancy | Other |
|---|---|---|---|---|---|
| 22A Westway | Ground floor commercial unit | 1,465 | 136.10 | Vacant Possession | Rear parking |
| Flat 5 | 1 Bed Flat (First Floor) | 548 | 50.91 | Vacant Possession | Rear parking |
| Flat 4 | First Floor Flat | Sold on long lease | Sold on long lease | Sold off on long lease for 125 years from 9 February a 2000 at a ground rent of £150 per annum | 1 parking space |
| Flat 3 | First Floor Flat | Sold on long lease | Sold on long lease | Sold off on long lease for 125 years from 9 February a 2000 at a ground rent of £150 per annum | 1 parking space |
Description
A substantial, partly attached, two storey building comprising a large Class E commercial unit on the ground floor which is currently used as offices for a building maintenance company. The commercial space benefits from a suspended ceiling with LED lighting, gas fired central heating, air-conditioning, male and female toilets, shower and a modern kitchen.
Accommodation
There are three flats on the first floor, two of which have been sold off on long leases and the other flat (Flat 5) will be sold with vacant possession. Flat 5 is a spacious 1-bedroom self-contained flat with gas fired central heating. The premises benefits from both front and rear access together with parking for around 8 cars at the rear.
Location
Westway in Caterham on the Hill is a local shopping area which links Chaldon Road and Coulsdon Road. Westway is conveniently located for Junctions 6 & 7 of the M25 as well as the A22 / A23, offering easy access to London and surrounding areas. Caterham railway station is approximately 1 mile.
Terms
The freehold is available for £450,000 with vacant possession of the ground floor commercial / Class E premises and Flat 5. The sale will be subject to the existing long leases in respect of Flats 3 & 4.
Alternatively, the ground floor commercial premises is available separately on a new 999 year lease at £260,000. Subject to contract
EPC
The ground floor commercial premises has an EPC Rating of D (96). The EPC for Flat 5 has a rating of D (67)
Viewing
For further information or to view please contact
Chris Richards MRICS Tel: 01737 222835
Email: chris@raynerscommercial.com
Joe Yorke Bsc Hons Tel: 01737 222835
Email: joe@raynerscommercial.com
VAT
We understand that VAT is not applicable to the sale price.