52 Brighton Rd 275 SF Retail Building South Nutfield RH1 5BX $668,215 ($2,429.87/SF)

The property occupies a prominent location at the southern end of this established retail parade fronting directly onto the A23 Brighton Road, one of the principal arterial routes linking London with Gatwick Airport, Crawley and Brighton.
The property is located approximately 4 km (2.5 miles) south of Redhill to the north and 5 km (3 miles) north of Horley to the south. Access to the M23 motorway is within approximately 6 km (4 miles), providing access to the M25 and the wider motorway network.
The parade serves the local population with occupiers including a local supermarket, pharmacy, tanning shop, computer repair business, café and restaurant.
The property is currently arranged as a takeaway restaurant at ground floor with residential accommodation to the two upper floors.
Tenure
The entire property is currently held freehold under Title No SY868727.
Occupational Leases
The property is subject to the following occupational lease:
Let to Chiaw Yuet Chong and Dong Lin at a rent of £36,000 for a term to expire 6th February 2038, subject to 3 yearly upward only rent reviews. The lease is contracted outside S24-28 of Part II of The Landlord and Tenant Act 1954.
Terms
The freehold interest is available to purchase at a price of £495,000 (Excl. of VAT). The client reserves the right to sell the property with an overage provision at a percentage to be agreed should further residential and/or commercial development be consented at the site.
VAT
The above guide price is exclusive of VAT if applicable.
Subject to Contract
Costs
Each party is to pay their own fees in relation to the transaction.
Strictly by appointment with White and Sons.