E-class Retail Investment with 3-Bedroom Maisonette

Key Points

• Ground floor retail on popular parade with self contained 3-bedroom maisonette
• Well positioned on Hersham Road
• Ground floor let in a personal name and trading as a Thai Massage shop
• Maisonette currently let on an AST agreement

Description

The property consists of a ground floor E-class unit, currently used as a Thai massage shop with kitchen, WC, and storage. The upper parts comprise a large self-contained maisonette with four rooms, kitchen, bathroom, and roof terrace, accessed via separate front and rear staircases,

Available area

The accommodation comprises the following areas:

Location

Walton-on-Thames is an affluent Surrey town, approximately 12 miles southwest of Central London, with excellent road links via the A308, A309, M3, A3, and M25. The mainline station, a 10-minute walk away, provides regular services to London Waterloo in around 30 minutes.

The property lies on a busy retail parade on Hersham Road (A244), between the town centre and Hersham Village, featuring a mix of local retailers including Papa Johns and William Hill.

Viewings

Strictly by appointment with the sole agents Curchod & Co.

Terms

Freehold for sale with offers in excess of £560,000.

The ground floor is let on a 10-year eFRI lease from 4 December 2018 at £17,500 per annum, rising to £19,000 on 4 December 2025. The lease is outside the Landlord & Tenant Act 1954.

The maisonette is let on a 12-month AST from 22 June 2024 via Ethical Lettings at £1,290 pcm.

Legal Costs/VAT

Each party to be responsible for the payment of their own legal fees incurred in the letting.

All prices are quoted exclusive of VAT which may be charged.

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.