Freehold Shop with potential for part Residential Conversion (STP) – For Sale – Raynes Park

Marketing Details
LOCATION:
The property forms part of a busy parade of shops and cafes serving the popular “Apostles” residential area situated opposite Raynes Park BR Railway Station and a short walk away from the Town Centre.

DESCRIPTION:
A two/three storey inner terrace building comprising a ground floor commercial premises (occupied as a Beauty Salon for a number of years) which has a large single storey extension to the rear.

The self-contained residential flat arranged over the first and second floors of the building has been sold off on a Long Leasehold Interest.

The ground floor former Beauty Salon comprises the following areas/dimensions:

Front Reception/Shop Area
215 square feet

Four x Private Treatment Rooms to Rear
575 square feet

Net Internal Area
790 square feet

PLANNING:
The commercial premises falls under the Sui Generis (Beauty Salon) Planning Use Class of the Town and Country Planning (Use Classes Order) Act 1987 (as amended September 2022).

We are of the opinion that the rear of the commercial premises has potential for conversion to self-contained residential unit(s) subject to Planning Consent.

BUSINESS RATES:
The annual Business Rates payable for the year ending 31st March 2025 is approximately £5,000. This liability can be reduced by application for Small Business Rates Relief.

RESIDENTIAL LONG LEASEHOLD DETAILS:
The upper residential flat has been sold off on a Long Leasehold Interest for a term of 125 years from 1st September 2005 (106 years unexpired) with a peppercorn ground rent.

TERMS:
The Freehold Interest in the property, with full vacant possession of the ground floor, is offered for sale.

PRICE:
Offers in the region of £150,000 Freehold.

EPC:
An Energy Performance Certificate has been commissioned and will be made available to all interested parties

FURTHER DETAILS/VIEWING:
Please contact Sole Agents, Wallakers Commercial on 020-8399-5381.