COMMERCIAL INVESTMENT FOR SALE PRODUCING £18,000 P.A – PRICE GUIDE £600,000 – 11 WATERHOUSE LANE, KINGSWOOD

Completed
COMMERCIAL INVESTMENT FOR SALE PRODUCING £18,000 P.A – PRICE GUIDE £600,000 – 11 WATERHOUSE LANE, KINGSWOOD

DIRECTIONS

Proceeding northwards from Reigate through Lower Kingswood along the A217, turn right at the Tadworth roundabout down tot Kingswood Village and the property is next to The Kingswood Arms.

LOCATION

The premises form part of the Kingswood Village shopping parage opposite woodland and with unrestricted parking close to the junction with Bonsor Drive (B2032). Kingswood Station is nearby and the main Brighton Road (A217) is within half a mile. Kingswood is an affluent residential area. The nearest town centres are Epsom, Sutton & Reigate. Access onto the M25 at the top of Reigate Hill (junction 8) is about four miles by road.

DESCRIPTION

These extensive premises comprise a two storey brick and tile frontage building, single storey flat roofed retail area, archway into central yard and ancillary accommodation on three floors. The café/deli frontage in two sections is about 47 ft, the site frontage about 65 ft and the built depth about 110 ft. Behind the café with its two WCs are a function room & kitchen, and above are two floors of offices approached from a spiral staircase off the internal yard. A rear two storey Atcost building comprises ground floor stores with roller shutter doors and first floor offices. The EPC rating is band C.

ACCOMMODATION

All measurements approximate, the accommodation comprises:

Café: 29’6” x 40’4”. Long L shaped counter. Air conditioning
9’6” headroom – 1190’
Coffee lounge: 15’11” x 27’9”. Sliding front doors – 443’
Separate gents & ladies toilets —
Function room: 23’8” x 17’5” and 15’8” x 14’3” – 636’
Kitchen/prep area: 18’8” x 15’11” – 298’
First floor reception office: max 17’5” x 16’6” – 232’
First floor front office: approx 17’2” x 26’8” max – 388’
First floor kitchen/staff: max 14’4” x 15’6” – 222’
Second floor office: max 17’2” x 16’10” – 261’
Rear ground floor stores: 33’2” x 10’8” x 32’7” x 12’8” at rear – 765’
Rear first floor: store 41’3” x 21’1” plus 60 sq ft kitchen & 2 WCs – 888’
Rear first floor: small office 15’ x 22’6” – 338’
Two small stores rear of shop no 10: 11’5” 10’ & 9’6” x 10’1” – 210’

NET INTERNAL AREA 5871 sq ft (545.55m²)

Front drive/parking. Archway with roller shutter door through to
Enclosed car park area with six spaces.

RATING

RV £56,000 UBR 51.2 p in the £ 2021/2022.
Reigate & Banstead Borough Council Tel: 01737 276691.

LEASE

The premises are held on a 20 year FRI lease inside the Act with five yearly rent reviews from 19th December 2016 by No 11 Waterhouse Ltd. The rent is £18,000 per annum exclusive, reflecting major tenant improvements since opening in 2011. There is consent to sublet the first floor front offices and rear storage.

LEGAL COSTS

Each side to be responsible for its own legal costs in the transaction.

PRICE GUIDE

Offers in region of £600,000. Freehold.

VIEWING

By prior appointment with our office. Tel: 01737 245886 (ref MS).

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