Property photos
Guide price
£775,000
Retail premises for sale
High Street, Banstead SM7Local area information
Property location
Nearby amenities
- St Anne's Catholic Primary School 0.2 miles
- Banstead Community Junior School 0.3 miles
- Banstead 0.7 miles
- Belmont 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Single let income producing investment. Sold with planning consent to convert upper parts - 2 individual flats and enlarged retail ground floor. Privately held Freehold.
Location
Banstead is a town in the borough of Reigate and Bastead in Surrey. It is 3 miles south of Sutton, 5 miles south-west of Croydon, 8 miles south-east of Kingston-upon-Thames and 13 miles south of central London. 101 High Street is situated in a prime location at the centre of Banstead High Street. This is an affluent shopping area located only 20 minutes walk from Banstead railway station to the north with trains direct to London Victoria via Clapham Junction. Other retailers include Waitrose, Boots, M & S Food, Zizzi’s, Cafe Nero, Costa Coffee, Starbucks and a number of independent operators.
Description
101 High Street is a retail unit comprising circa 222 sq ft occupied by The Children’s Trust in Banstead, Surrey for use as a charity shop. The premises are currently arranged over ground, first and second floors. To the rear is a large cleared open area currently not in use, with access directly from the High Street.
Planning consented
Ground floor extension to retail unit, alterations at first floor, including provision of rear terrace, extensions at second floor level, including the provisions of rear terrace, roof lights and the change of use at first and second floors to form 2 no residential aprtments (1 X 2B, 4P; 1 X 3B, 5P) with private outside amenity space.
For sale - freehold commercial investment opportunity with planning to convert upper parts to two residential flats
The below link is reference to the planning application ref: 23/00533/F where further details, conditions and comments can be found.
Tenancies
Full repairing and insuring lease - currently holding over - to The Children’s Trust. Lease dated 2011 and extended to 16th March 2024 at £31,600 per annum exclusive of rates and outgoings. Terms in principle agreed with the existing tenant to remain within the retail part only post redevelopment. Terms can be provided on request.
Rateable value
Rateable value - £30,000
Tenure
Freehold - The property is held under title numbers SY763132 and SY728372
Terms
Offers are invited at £775,000 for the Freehold interests. The asset is not held within any spv and is sold subject to contract and with planning consent granted.
Viewing
For viewing and further information please contact the joint selling agents rh & rw Clutton
rh & rw Clutton East Grinstead Office Ben Hall -
George Back - <br /><br />
Location
Banstead is a town in the borough of Reigate and Bastead in Surrey. It is 3 miles south of Sutton, 5 miles south-west of Croydon, 8 miles south-east of Kingston-upon-Thames and 13 miles south of central London. 101 High Street is situated in a prime location at the centre of Banstead High Street. This is an affluent shopping area located only 20 minutes walk from Banstead railway station to the north with trains direct to London Victoria via Clapham Junction. Other retailers include Waitrose, Boots, M & S Food, Zizzi’s, Cafe Nero, Costa Coffee, Starbucks and a number of independent operators.
Description
101 High Street is a retail unit comprising circa 222 sq ft occupied by The Children’s Trust in Banstead, Surrey for use as a charity shop. The premises are currently arranged over ground, first and second floors. To the rear is a large cleared open area currently not in use, with access directly from the High Street.
Planning consented
Ground floor extension to retail unit, alterations at first floor, including provision of rear terrace, extensions at second floor level, including the provisions of rear terrace, roof lights and the change of use at first and second floors to form 2 no residential aprtments (1 X 2B, 4P; 1 X 3B, 5P) with private outside amenity space.
For sale - freehold commercial investment opportunity with planning to convert upper parts to two residential flats
The below link is reference to the planning application ref: 23/00533/F where further details, conditions and comments can be found.
Tenancies
Full repairing and insuring lease - currently holding over - to The Children’s Trust. Lease dated 2011 and extended to 16th March 2024 at £31,600 per annum exclusive of rates and outgoings. Terms in principle agreed with the existing tenant to remain within the retail part only post redevelopment. Terms can be provided on request.
Rateable value
Rateable value - £30,000
Tenure
Freehold - The property is held under title numbers SY763132 and SY728372
Terms
Offers are invited at £775,000 for the Freehold interests. The asset is not held within any spv and is sold subject to contract and with planning consent granted.
Viewing
For viewing and further information please contact the joint selling agents rh & rw Clutton
rh & rw Clutton East Grinstead Office Ben Hall -
George Back - <br /><br />
Floor plans and tours
Floor plans (6)
More information
Listed by
RH & RW Clutton
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Property descriptions and related information displayed on this page are marketing materials provided by - RH & RW Clutton. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact RH & RW Clutton for full details and further information.