Guide price
£1,080,000
(£1,080.00/sq. ft)
Retail premises for saleChurch Street, Esher KT10
1,000 sq. ft
About this property
Town centre location
Freehold
Freehold Guide Price £1,080,000.
A freehold investment comprising a ground floor shop unit, which is let, and four flats. Two of the flats are sold on long leases and two are offered with vacant possession- Flat 1 comprises two bedrooms, kitchen/reception room and bathroom/toilet (advised area of approx' 630 sq ft) and Flat 2 comprises one bedroom, kitchen/reception room and bathroom/toilet (advised area of approx' 560 sq ft). Both vacant flats are first floor and Flat 1 has consent to create a roof terrace on the flat roof to the rear.
The flat leases are 125 years from 2015 and the current ground rents are £250 p.a. Per flat until 1st January 2040 and then doubling on each twenty fifth anniversary of the commencement of the term. There is a service charge of circa £1,100 p.a. Per flat to include the ground rent, insurance etc.
The shop is let at £25,000 p.a. On a 10 year lease from 25th September 2020 to Polished Nails & Cocktails. The September 2025 rent review is pending and our client has already completed a certain amount of work on this.
The shop is well presented with a gross internal floor of circa 900 sq ft including a fitted Kitchen and W.C. A door from the kitchen leads to a side passage.
VAT is not payable in respect of the sale.
EPCs commissioned.
Early viewings recommended- by appointment only. Please do not disturb the tenant.
A freehold investment comprising a ground floor shop unit, which is let, and four flats. Two of the flats are sold on long leases and two are offered with vacant possession- Flat 1 comprises two bedrooms, kitchen/reception room and bathroom/toilet (advised area of approx' 630 sq ft) and Flat 2 comprises one bedroom, kitchen/reception room and bathroom/toilet (advised area of approx' 560 sq ft). Both vacant flats are first floor and Flat 1 has consent to create a roof terrace on the flat roof to the rear.
The flat leases are 125 years from 2015 and the current ground rents are £250 p.a. Per flat until 1st January 2040 and then doubling on each twenty fifth anniversary of the commencement of the term. There is a service charge of circa £1,100 p.a. Per flat to include the ground rent, insurance etc.
The shop is let at £25,000 p.a. On a 10 year lease from 25th September 2020 to Polished Nails & Cocktails. The September 2025 rent review is pending and our client has already completed a certain amount of work on this.
The shop is well presented with a gross internal floor of circa 900 sq ft including a fitted Kitchen and W.C. A door from the kitchen leads to a side passage.
VAT is not payable in respect of the sale.
EPCs commissioned.
Early viewings recommended- by appointment only. Please do not disturb the tenant.
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