Ground Floor and Rear Land, 126 Central Road
Worcester Park, KT4 8HT
| Property Type | Retail |
| Tenure | To Let |
| Size | 1,016 sq ft |
| Rent | £18,000 per annum |
| Business Rates | £6,362.25 per annum Applicants may be eligible for a 75% Business Rates discount for the period 1st April 2024 to 31st March 2025 under the Retail, hospitality, and leisure relief. This is up to a cap of £110,000. To check if you are eligible, and for additional queries, it is advised to speak with the relevant council |
| Energy Performance Rating | This property has been graded as C (75) |
Ground Floor Shop and Rear Land Available
Key Points
- Without Prejudice and Subject to Contract
- Available on a new lease, subject to a surrender of the existing leases being agreed and vacant possession
- Assignment of the current leases will also be considered, subject to landlord approval and the current tenant meeting all of their lease obligations
- Located in a prominent position
Description
The property comprises of a self-contained retail unit on the ground floor, with land to the rear which has a site area of approximately 0.063 acres.
There is front and rear access (from the land to the rear) for the ground floor retail unit.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Ground - Retail | 735 | 68.28 |
| Ground - Lean-to | 281 | 26.11 |
| Total | 1,016 | 94.39 |
Location
The property is located on the busy Central Road high street in Worcester Park, which is located approximately 0.4 miles away from Worcester Park Train Station and 1.8 miles away from the A3.
Viewings
All viewings are to be arranged in advance with the letting agent (Curchod & Co).
Terms
Available on a new effective full repairing and insuring lease for the ground floor retail unit AND on a new Full Repairing and Insuring lease for the rear land, subject to a surrender of the existing leases being agreed and subject to vacant possession OR an assignment of the current Ground Floor and rear land lease would be considered, subject to landlord approval and the tenant meeting all their lease obligations. Further lease documentation can be provided upon request.
Anti-Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Tenancy Information
The property consists of a ground floor retail unit which is currently let on a 10-year lease term from 25th March 2022, at a rent of £16,500 per annum exclusive. This lease is inside the security of tenure provisions within the Landlord and Tenant Act 1954. The use is a Florist within Use Class E (a) or for such other trade of business within Use Class E (c) subject to the Landlord consent, not to be unreasonably withheld or delayed. There is an upwards only rent review and a tenant only break option at the 5th year anniversary of the lease commencement date.
To the rear of the retail unit there is a lease for the land in the rear of 126 Central Road, Worcester Park which is let to the Ground Floor Tenant on a 10-year lease term from 25th March 2022 at a peppercorn rent. This lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. The site area is approximately 0.063 acres. There is a landlord break at any time during the lease term, subject to giving the Tenant not less than three months’ notice in writing.
Further lease documentation can be provided upon request.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents: