Ground Floor Retail Unit, Aviv Place, 244 Station Road
Addlestone, KT15 2PS
| Property Type | Investments / Retail |
| Tenure | For Sale |
| Size | 2,583 sq ft |
| Price | Price on application |
| Business Rates | 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 A (24) |
Rare 999 years Long-Leasehold Investment For Sale
Key Points
- Timings on completion of Tenant Fit Out TBC
- Let to Vet-AI Ltd on a 20-year lease term (10-year term certain)
- Annual Rental Income = £55,000 per annum exclusive
- Located within a Residential Development
- Parking
Description
The subject property is located on Ground Floor level within a Residential Development. Curchod & Co have been informed there are 39 flats on-site.
The subject property is let to Vet-AI Ltd (company number: 11343174) on a 20-year lease term from 28th July 2023 at a rent of £55,000 per annum exclusive. The lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. There is a mutual break option on 28th July 2033 (Break Date). There is a 12-month rent deposit held. The rent is to be reviewed on an upward only basis every 5 years to be the higher of either Open Market Rental Value or RPI compounded annually subject to a collar of 2% and cap of 5%. The tenant is to pay a service charge on an annual basis.
Curchod & Co can provide the required lease documentation on request.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Ground | 2,583 | 239.97 |
| Total | 2,583 | 239.97 |
Location
The property is located down Station Road in Addlestone, adjacent to the roundabout by Gardens Close, Hawker Drive and Station Road. The property is located approximately 0.1 miles away from Addlestone Train Station, 1.8 miles away from M25 and 1.2 miles away from Weybridge High Street.
Price
Price on Application
Viewings
All viewings must be arranged in advance with Curchod & Co.
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.
Legal Costs
Each party to be responsible for their own legal and other professional costs for this sale.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents: