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Weybridge, Surrey KT13 9EQ
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UNDER OFFER: RETAIL & RESIDENTIAL INVESTMENT EXCELLENT
TRADING POSITION
1,106 sq ft (418 sq ft ITZA) Retail plus 2 Bed
Flat |
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Further details on the property and commercial terms on
application. For more information please contact: |
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Description:
The premises comprise a self
contained retail unit on ground and lower ground floors, with a 2 bed flat
above on first and second floors. To the rear of the premises is a small
garden. The premises comprise glazed and brick rendered elevations under a
pitched tiled roof with dormer window at second floor level. The retail unit
trader is a bespoke wine merchants and comprises a total of 1,106 sq ft (418 sq
ft) ITZA. The flat comprises 2 double bedrooms, lounge area, kitchen and
bathroom and 2 separate WCs. The premises have the benefit of gas fired central
heating and is in excellent condition throughout. There is one car parking
space available in the Church car park opposite, which is held on an annually
renewable licence.
Location:
The premises are located in
Queen’s Road,Weybridge, which comprises a selection of restaurants and
specialist shops, including Café Rouge and Tesco Express, and is
approximately 1/2 mile from Weybridge Town Centre and 11/2 miles from the A3,
and approximately 2 miles from J10 of the M25. |
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• Excellent growth potential.
• Affluent
Surrey town.
• Vacant possession of flat (if required).
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Good retail parade. |
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Terms:
The premises are held freehold, subject to
the occupational leases as follows: Ground & basement are let to Vineking,
for a term to expire in 2012 at a current passing rental of £23,500 per
annum exclusive. The tenants have expressed an interest to take a further 5
year reversionary lease at a rental of £25,000 per annum exclusive. The 2
bed flat is currently occupied under an Assured Shorthold Tenancy at a rental
of £1,200 per calendar month. We understand that vacant possession of his
premises could be provided, if required.
Price:
£550,000 (Five Hundred & Fifty
Thousand Pounds). This provides a purchaser with a net initial yield of 6.5%
after allowing for purchasers’ costs of 5.75%. |
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