Property photos
£450,000
(£307.17/sq. ft)
Retail premises for sale
Westway, Caterham CR31,465 sq. ft
Local area information
Property location
Nearby amenities
- Hillcroft Primary School 0.2 miles
- Clifton Hill School (SEN) 0.4 miles
- Caterham 0.9 miles
- Whyteleafe South 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Caterham to find out more about the local area.
Features and description
Location
Westway in Caterham on the Hill is a local shopping area which links Chaldon Road and Coulsdon Road. Westway is conveniently located for Junctions 6 & 7 of the M25 as well as the A22 / A23, offering easy access to London and surrounding areas. Caterham railway station is approximately 1 mile.
Description & Accommodation
A substantial, partly attached, two storey building comprising a large Class E commercial unit on the ground floor which is currently used as offices for a building maintenance company. The commercial space benefits from a suspended ceiling with LED lighting, gas fired central heating, air-conditioning, male and female toilets, shower and a modern kitchen. There are three flats on the first floor, two of which have been sold off on long leases and the other flat (Flat 5) will be sold with vacant possession. Flat 5 is a spacious 1-bedroom self-contained flat with gas fired central heating. The premises benefits from both front and rear access together with parking for around 8 cars at the rear.
Sale Price
The freehold is available for £450,000 with vacant possession of the ground floor commercial / Class E premises and Flat 5. The sale will be subject to the existing long leases in respect of Flats 3 & 4.
Alternatively, the ground floor commercial premises is available separately on a new 999 year lease at £260,000. Subject to contract
Vat
We understand that VAT is not applicable to the sale price.
Business Rates & Tax
The 2023 Rateable Value in respect of the ground floor commercial unit is £19,750. The current ubr is 49.9 pence in the £.
Flat 5 is within band B for Council tax purposes.
Epc
The ground floor commercial premises has an EPC Rating of D (96). The EPC for Flat 5 has a rating of D (67)
legal costs Each party is to bear their own legal costs
Westway in Caterham on the Hill is a local shopping area which links Chaldon Road and Coulsdon Road. Westway is conveniently located for Junctions 6 & 7 of the M25 as well as the A22 / A23, offering easy access to London and surrounding areas. Caterham railway station is approximately 1 mile.
Description & Accommodation
A substantial, partly attached, two storey building comprising a large Class E commercial unit on the ground floor which is currently used as offices for a building maintenance company. The commercial space benefits from a suspended ceiling with LED lighting, gas fired central heating, air-conditioning, male and female toilets, shower and a modern kitchen. There are three flats on the first floor, two of which have been sold off on long leases and the other flat (Flat 5) will be sold with vacant possession. Flat 5 is a spacious 1-bedroom self-contained flat with gas fired central heating. The premises benefits from both front and rear access together with parking for around 8 cars at the rear.
Sale Price
The freehold is available for £450,000 with vacant possession of the ground floor commercial / Class E premises and Flat 5. The sale will be subject to the existing long leases in respect of Flats 3 & 4.
Alternatively, the ground floor commercial premises is available separately on a new 999 year lease at £260,000. Subject to contract
Vat
We understand that VAT is not applicable to the sale price.
Business Rates & Tax
The 2023 Rateable Value in respect of the ground floor commercial unit is £19,750. The current ubr is 49.9 pence in the £.
Flat 5 is within band B for Council tax purposes.
Epc
The ground floor commercial premises has an EPC Rating of D (96). The EPC for Flat 5 has a rating of D (67)
legal costs Each party is to bear their own legal costs
More information
Listed by
Rayners Commercial
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