Property photos
Guide price
£900,000
(£375.52/sq. ft)
Retail premises for sale
High Street, Esher KT102,663 sq. ft
Local area information
Property location
Nearby amenities
- Esher Church School 0.4 miles
- Shrewsbury House Pre-Preparatory School 0.6 miles
- Claygate 1 mile
- Esher 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Fully let investment
- High street location
- Parking close by
- Close to many multiples
- Yard area
Freehold Investment for sale- Guide Price £900,000. Total current income £63,000 p.a.
The investment comprises a pair of adjacent shops with ancillary upper parts, plus a rear building occupied by a pilates studio and a car park for 4 cars.
Floor areas;
114-116- Ground floor 637 sq ft. First floor 351 sq ft.
118-120- Ground floor 663 sq ft. First floor 364 sq ft.
Pilates studio (r/o sq ft gia.
Leases;
114-116- 5 year term from 2/11/22 with mutual break option on 2/11/25 at 3 months notice. £25,000 p.a. Commencing rent with rent review 2/11/24.
Lease drafted inside the Landlord and Tenant Act 1954. Limited Co tenant with director's guarantees. £6,250 rent deposit lodged.
118-120- 10 year term from5/10/23 with mutual break option on 5/10/29 at 6 months notice. £26,000 p.a. Commencing rent with rent review 5/10/28.
Lease drafted outside the Landlord and Tenant Act 1954. Limited Co tenant. £13,000 rent deposit lodged.
Pilates studio- 5 year term from 8/1/18. £12,000 p.a. Rent. Let to private individuals with £800 rent deposit lodged.
VAT- We understand the property is not elected for VAT.
Please only view by appointment and do not disturb the tenants.
The investment comprises a pair of adjacent shops with ancillary upper parts, plus a rear building occupied by a pilates studio and a car park for 4 cars.
Floor areas;
114-116- Ground floor 637 sq ft. First floor 351 sq ft.
118-120- Ground floor 663 sq ft. First floor 364 sq ft.
Pilates studio (r/o sq ft gia.
Leases;
114-116- 5 year term from 2/11/22 with mutual break option on 2/11/25 at 3 months notice. £25,000 p.a. Commencing rent with rent review 2/11/24.
Lease drafted inside the Landlord and Tenant Act 1954. Limited Co tenant with director's guarantees. £6,250 rent deposit lodged.
118-120- 10 year term from5/10/23 with mutual break option on 5/10/29 at 6 months notice. £26,000 p.a. Commencing rent with rent review 5/10/28.
Lease drafted outside the Landlord and Tenant Act 1954. Limited Co tenant. £13,000 rent deposit lodged.
Pilates studio- 5 year term from 8/1/18. £12,000 p.a. Rent. Let to private individuals with £800 rent deposit lodged.
VAT- We understand the property is not elected for VAT.
Please only view by appointment and do not disturb the tenants.
More information
Listed by
Franklin Commercial
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