Addlestone, KT15 2AR
Property Type | Investments / Retail |
Tenure | For Sale |
Size | 473 sq ft |
Price | Offers in excess of £240,000 |
Business Rates | £4,690.60 per annum Qualifying for 100% Small Business Rates Relief |
Energy Performance Rating | This property has been graded as C (69) |
The property comprises a ground floor E-class premises, currently utilised as a nail salon, complete with kitchen and WC facilities with additional storage areas. The upper parts are included in the lease and comprise a self contained flat, comprising of 2-rooms, kitchen and bathroom, accessible via a staircase situated at the rear of the property. The property has one allocated parking space positioned at the rear of the premises along the vehicular access road.
Local occupiers include Tesco Extra, Nationwide, Costa, Wimpy, Anytime Fitness, KFC, Greggs, William Hill and a number of independent retailers.
The sale is of the freehold interest only for purely investment purposes, it does not include the current tenant business. Any purchasers will not have the right to occupy the property for their own use. The lease has security of tenure.
The freehold interests of both 93 and 97 Station Road are also available.
The accommodation comprises the following areas:
Name | sq ft | sq m | Availability |
---|---|---|---|
Ground | 473 | 43.94 | Available |
Addlestone is a popular Surrey town located approximately 20-miles southwest of Central-London. Woking, Weybridge and Chertsey are all within 1-mile of the town, with Guildford approximately 10-miles to the south. Addlestone train station is within a 5 minute walk providing regular services to Waterloo, with Junction 11 of the M25 approximately 1-mile away.
Sale of the freehold, with offers in excess of £240,000.
The premises are currently held as a whole by way of a full repairing and insuring lease to a private individual, for a term of 10-years from 25th March 2023 with a 5th year tenant break, at a passing rent of £17,000 per annum exclusive. The lease is inside the security of tenure provisions of the Landlord & Tenant Act 1954. Reversionary yield of 8.74% with 5th year rent review.
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.
Each party to be responsible for the payment of their own legal costs incurred in the sale. Prices are quoted exclusive of VAT which may be charged.