Property Information

Description The premises comprise a ground floor retail unit with rear kitchen, male & female WCs and basement currently trading as a Chinese restaurant. Internally the premises include suspended ceilings, spot lighting, ceiling mounted heating and air conditioning, tiled flooring, double glazing and other attractive decorative features. The upper residential parts which are arranged over first and second floors are accessed separately via New Church Road and arranged as two studio flats per floor. Each flat includes kitchen area and WC. Accommodation The property has the following approximate net internal areas: Ground Floor Retail Area 50.37 sq. m. (542 sq. ft.) Kitchen 15.06 sq. m. (162 sq. ft.) Rear Washroom 3.62 sq. m. ( 39 sq. ft.) Basement 60.59 sq. m. (652 sq. ft.) Total 129.64 sq. m. (1,395 sq. ft.) Residential Accommodation (Maximum dimensions) First Floor Studio Flat 1 (4.62m x 4.23m) Cloakroom WC Studio Flat 2 (4.92m x 3.23m) WC Second Floor Studio Flat 3 (4.32m x 3.05m) WC Studio Flat 4 (4.70m x 4.34m) WC

Tenancies We understand that the owner of the property is receiving approximately £1,600 per month for the upper 4 residential studio flats and £1000 per annum for the two advertisement hoardings at the side of the property. Planning We have been advised that the shop element has A3 restaurant planning consent. However, the purchaser must make their own enquiries of the Planning Authority to ensure that their proposed use is permissible prior to entering into any form of contract. Price £395,000 freehold Rates The property is entered in the 2010 rating list with a rateable value for the retail element of £9,000. The Standard Business Rates Multiplier for 2010/11 is 41.4p in the £. For further information on business rates including relief which could be applicable, visit www.mybusinessrates.gov.uk. Legal Costs Each party to pay their own legal costs. VAT We have been advised that VAT is not applicable on the property. Viewing Strictly by prior arrangement with sole selling agents Hindwoods.