Acquired
Cheam – Vacant Shop and Studio Flat – Development Potential
49 The Broadway, Cheam, Sutton, Surrey SM3 8BLFreehold Shop and Residential Investment
Investment Consideration
- Vacant possession
- Located in a prime central location within Cheam Village
- Family has owned property since 1998 and prior to owning was tenant since 1965
- Comprising a ground floor shop with offices at the rear including WC and kitchenette
- Retail frontage benefits from large ground floor windows on all sides
- Studio accommodation on the first floor and cellar/storage at basement level
- Development potential subject to obtaining the necessary planning consents
- The ground floor extension was carried out in 1996. According to the Vendor, the extension footings were built deep enough for a first-floor extension to be built
- Ground Floor, Basement and First Floor total area size of 93.64 sq m (1,008 sq ft)
- 5-minute walk from Cheam Train Station
- Occupiers nearby include Waitrose, Café Nero, Sainsburys, Tesco, amongst many more local traders.
VAT
VAT is not applicable.
Property Description
The property is arranged as a ground floor shop with offices at the rear including WC and kitchenette (A1 usage). There is a cellar below and a studio accommodation on the first floor with separate kitchen and shower room. The property is located within a conservation area of Cheam Village and property's status is Listed.
The property provides the following accommodation and dimensions:
Ground Floor/Basement:
Window Display – 5.05m x 1.17m (16’7’’ x 3’10’’)
Sales Area – 14 sq m (151 sq ft)
Store – 7.92 sq m (85 sq ft)
Rear Store/Kitchen – 17.29 sq m (186 sq ft)
Office – 8.00 sq m (86 sq ft)
Cellar/Storage – 7.99 sq m (86 sq ft)
Rear Courtyard – 17.00 sq m (180 sq ft)
First Floor Accommodation:
Small Landing
Living Room/Bedroom – 14.24 sq m (153 sq ft)
Kitchen – 4.00 sq m (43 sq ft)
Shower Room – 4.26 sq m (46 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor/Basement:
Window Display – 5.05m x 1.17m (16’7’’ x 3’10’’)
Sales Area – 14 sq m (151 sq ft)
Store – 7.92 sq m (85 sq ft)
Rear Store/Kitchen – 17.29 sq m (186 sq ft)
Office – 8.00 sq m (86 sq ft)
Cellar/Storage – 7.99 sq m (86 sq ft)
Rear Courtyard – 17.00 sq m (180 sq ft)
First Floor Accommodation:
Small Landing
Living Room/Bedroom – 14.24 sq m (153 sq ft)
Kitchen – 4.00 sq m (43 sq ft)
Shower Room – 4.26 sq m (46 sq ft)
Tenancy Description
Vacant posession
Tenancies & Accommodation
Location Description
Cheam is an area in the west of the London Borough of Sutton, within Greater London. Cheam is 10.9 miles (17.5 km) southwest of Charing Cross. It is divided into two main areas, North Cheam and Cheam Village, both of which are centred on retail districts. Cheam is bordered by Worcester Park to the north-west, Morden to the north-east, Sutton to the east, Ewell to the west and Banstead and Belmont to the south. Cheam Village is centred on the crossroads between Sutton, North Cheam, South Cheam and Ewell. As well as bus services, it is served by Cheam mainline station which is in London Travelcard Zone 5 and one stop from Sutton, about 1 mile (1.6 km) away, and two from Epsom, about 3 miles (4.8 km) away. Services from Cheam to central London include direct trains to Victoria which take about 30 minutes. The property is located in a prime central location within 5-minute walk from Cheam Train Station. Occupiers nearby include Waitrose, Sainsburys` and Tesco, amongst many more local traders.
