Property photos
Freehold
Offers over
£240,000
(£621.76/sq. ft)
Retail premises for sale
Station Road, Addlestone KT15386 sq. ft
Local area information
Property location
Nearby amenities
- Darley Dene Primary School 0.2 miles
- Addlestone 0.2 miles
- Sayes Court School 0.4 miles
- Chertsey 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
Ground floor retail on popular retail parade with self contained 2-bedroom flat Well positioned on Station Road, Addlestone's main retail thoroughfare Currently let to beauty salon, 18.75 years unexpired with no breaks Rental income £17,000 p.a. With good reversionary potential Net Reversionary Yield 8.74%
Description
The property comprises a ground floor e-class premises, currently utilised as a beauty salon, complete with WC facilities. 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 95 and 97 Station Road are also available.
Location
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.
Terms
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, for a term of 20-years from 25th March 2023 with no breaks, 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 5-yearly rent reviews.
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/VAT
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.
Description
The property comprises a ground floor e-class premises, currently utilised as a beauty salon, complete with WC facilities. 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 95 and 97 Station Road are also available.
Location
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.
Terms
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, for a term of 20-years from 25th March 2023 with no breaks, 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 5-yearly rent reviews.
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/VAT
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.
More information
Listed by
Property descriptions and related information displayed on this page are marketing materials provided by - Curchod & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Curchod & Co for full details and further information.