COMMON USE CLASS: A1 Shops, B1 Business
Key Features
Description
The premises were previously a branch of Lloyds Bank and comparise retail on the ground floor with male and female WCs plus basement storage.
The ground floor former banking hall has a double frontage to the east side of New Malden High Street of approximately 36 feet or 10.97 m. There are 5 arched windows to the front elevation and ornate stonework to the window reveals
Location
New Malden is located approximately 11 miles to the south west of central London and is one of the major retail centres in the Royal Borough of Kingston upon Thames. The premises are located in a prime retail pitch in the centre of New Malden High Street, between its junctions with Blagdon Road and Coombe Gardens. Other retailers nearby include Poundland, W H Smith, Boots, Nationwide Building Society, Café Nero, Card Factory, Holland and Barrett and McDonalds. Car parking is available for shoppers in the Waitrose supermarket car park and in the Blagdon Road car park and adjoining New Malden Centre car park approximately 5 minutes walk away.
Planning
Previously Class A2 the property is now within Use Class E (Commercial, Business and Service) and could be suitable as a retail unit, restaurant, coffee shop or as a medical use.
Accommodation
The premises have an approximate net internal ground floor area of 1800 sqft (167.22 sqm) with basement storage of approximately 331 sqft (30.75 sqm)
VAT
Not applicable
Rating
The property has a rateable value of £44,250. The rates payable for the year from April 2021 are £22,080.75. This is the full amount payable and interested parties should verify this information with the Royal Borough of Kingston upon Thames.
Lease
The unit is to let on a new full repairing and insuring lease for a term to be agreed. RENT £65,000 pax
EPC
The property has an EPC rating of E – 103.
Legal Costs
Each party to be responsible for their own legal costs.
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