| Property Type | Retail / Investment |
| Tenure | For Sale |
| Size | 522 sq ft |
| Price | Offers in the region of £200,000 |
| Business Rates | £3,215 per annum However, an occupier may benefit from small business rates relief which would reduce the liability by 100% to £0. We would advise all interested parties to check the actual rating liability with Sevenoaks District Council (01732 227000) |
| Rateable Value | £6,900 |
| Energy Performance Rating | This property has been graded as E (120) |
An attractive High Street retail investment in the historic town of Westerham.
Key Features
- Existing business unaffected
- Town Centre Location
- Opposite the Co-op
- Current rent £12,750 pax
- Lease until October 2026
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.
Accommodation
The unit has the following approximate floor areas:
Ground Floor Sales Area: 192 sq ft
Rear Storage: 53 sq ft
Lean-To Storage: 73 sq ft
First Floor: 204 sq ft
TOTAL: 522 sq ft
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.
Price
£200,000, subject to the existing tenancy and contract.
Legal Costs
Each party to pay their own legal costs.
