Restaurant for rent

Station Road West, Oxted, RH8


£20,500 per year
£1,708 per month
S.O.A.

Features

  • Floor area including basement: 120 sq.m (1,292 sq.ft.)
  • Kitchen and toilet facilities
  • Lease available or Partnership opportunity
  • Retail unit with Planning Permission for Restaurant/Takeaway use
  • Town Centre Location

Description

LOCATION: The property is situated on the west side of Oxted town centre within the Conservation Area and walking distance of Oxted mainline station with regular services to London Victoria and London Bridge, via East Croydon. Junction 6 of the M25 at Godstone is approximately 3 miles distant, which provides access to Gatwick and the motorway network generally. Close-by in Station Road West is the Post Office and other independent retail units and within walking distance is a Morrisons supermarket.

PREMISES: The ground floor and basement of an attractive period style double-fronted retail unit, with ancillary areas plus rear access. To the front is a paved forecourt, which the Landlord has been maintaining.

ACCOMMODATION: The interior is approached by a recessed entrance door into open plan retail floor space leading through to ancillary areas to the rear including toilet and kitchen facilities. The property has yet to be converted to restaurant use. There is a basement beneath the shop which provides useful storage and potential for conversion as part of the restaurant/takeaway set up.

GROSS FLOOR AREAS:

Ground floor retail and ancillary 82.00 sq.m (882 sq.ft.)

Basement 38.00 sq.m (409 sq.ft.)

Total: 120 sq.m (1,292 sq.ft.)

Floor plan available on request.

PLANNING: On the 20th November 2020 Planning Permission was granted after an Appeal decision (Ref: APP/M3645/W/20/3255818) for restaurant /takeaway use during daytime hours. After this, approval was given on waste and recycling storage as a condition of the Planning Permission under Ref: TA/2020/565/COND1. The property does not have night-time trading Permission or an alcohol Licence yet.

RENT: Initially £20,500 per annum, payable Quarterly in advance.

TERMS: Available by way of an Assignment of the current Landlord & Tenant Act protected lease, where renewal terms have been agreed for 10 years. Further details on application. A premium is payable of £75,000 for the leasehold interest, reflecting the value and scarcity of the restaurant and takeaway use granted, for daytime trading. A higher premium would be payable for night-time trading. Leasehold Assignment subject to contract, satisfactory references, and additional rent/surety deposit and/or a personal guarantee if required by the Landlord.

BUSINESS PROPOSAL: Our client has the option of retaining the lease and alternatively would be interested to receive expressions of interest from experienced individuals looking to invest in a business, based on a partnership arrangement or other business collaboration, to be agreed.

RATING: Assessed as Shop and Premises'. RV £13,250 per annum payable at the current uniformed business rate. The Rateable Value is likely to change when restaurant/takeaway use is implemented. All enquiries to Tandridge District Council on 01883 722000. Point of reference www.voa.gov.uk.

VAT: We understand this property is not elected for VAT.

LEGAL COSTS: Each party to be responsible for their own legal and professional costs.

VIEWING: Strictly by appointment with sole agents Howard Cundey.

Categories

Restaurants
Call
Property reference
CP_63BEEDFCF1_109