£180,000
(£344.83/sq. ft)
Retail premises for sale21 High Street, Westerham TN16
522 sq. ft
Freehold
About this property
Opposite the Co-op
Current rent £12,750 pax
Lease until October 2026
Vacant possession can be provided*
Currently £0 business rates to qualifying occupiers
Small garden area
Estimated Rates Payable: £3215
Description
The property comprises a period two storey retail unit with a vaulted ceiling to the first floor room, and a ground floor sales area with a double fronted window display. The shop also benefits from a small lean-to area to the rear, together with a cloakroom. Steps provide access to a rear garden extending to approximately 30ft x 12ft.
Location
The property is situated on the busy High Street (A25) in the centre of the historic and affluent town of Westerham. Other nearby retailers include the Co-op, Hospice in the Weald, Nationwide Building Society & Costa Coffee. The town is also home to a number of established lifestyle businesses, as well as an array of highly acclaimed restaurants.
Tenancy
The property is let to Gaia Homeware Limited on a full repairing and insuring lease for a term of 5 years from 18 October 2021 at a passing rent of £12,750 per annum exclusive. Further details of the lease terms are available on request.
The two directors of the tenant act as guarantors to the lease and the tenant has also provided the landlord with a 3 month rent deposit.
*note: The tenant has moved out of the property and has indicated a willingness to surrender their lease should vacant possession be required.
Price
£180,000 subject to contract.
Legal Costs
Each party to pay their own legal costs.
Business Rates
The property has a current rateable value of £6,900. A qualifying occupier is therefore likely to benefit from maximum small business rates relief, i.e. £0 rates payable.
The property comprises a period two storey retail unit with a vaulted ceiling to the first floor room, and a ground floor sales area with a double fronted window display. The shop also benefits from a small lean-to area to the rear, together with a cloakroom. Steps provide access to a rear garden extending to approximately 30ft x 12ft.
Location
The property is situated on the busy High Street (A25) in the centre of the historic and affluent town of Westerham. Other nearby retailers include the Co-op, Hospice in the Weald, Nationwide Building Society & Costa Coffee. The town is also home to a number of established lifestyle businesses, as well as an array of highly acclaimed restaurants.
Tenancy
The property is let to Gaia Homeware Limited on a full repairing and insuring lease for a term of 5 years from 18 October 2021 at a passing rent of £12,750 per annum exclusive. Further details of the lease terms are available on request.
The two directors of the tenant act as guarantors to the lease and the tenant has also provided the landlord with a 3 month rent deposit.
*note: The tenant has moved out of the property and has indicated a willingness to surrender their lease should vacant possession be required.
Price
£180,000 subject to contract.
Legal Costs
Each party to pay their own legal costs.
Business Rates
The property has a current rateable value of £6,900. A qualifying occupier is therefore likely to benefit from maximum small business rates relief, i.e. £0 rates payable.
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