From
£575,000
(£392.22/sq. ft)
Property for saleStation Road, Addlestone KT15
1,466 sq. ft
About this property
Prominent corner position with return frontage
Ground floor café/play centre let at £17,500 per annum on a 20-year lease from May 2024
Re-roofed with new slate covering with 15-year gurantee and new double glazed windows
Newly fully refurbished to a high standard vacant two-bedroom, two-bathroom flat above. Erv of £19,500 per annum / Total erv £37,000 per annum
Estimated Rates Payable: £5730
The property comprises a freehold mixed-use investment arranged as a ground floor retail unit with a newly refurbished two-bedroom flat above. It occupies a prominent corner position in Addlestone town centre, with nearby occupiers including Tesco, Domino’s and Wimpy.
The ground floor is let as a café and children’s play centre on a 20-year lease from May 2024 at £17,500 per annum. The lease provides for five-yearly upward-only rent reviews to the higher of open market rent or rpi, with tenant and landlord break options in years 10 and 15. The lease is contracted outside the Landlord and Tenant Act 1954.
The first floor flat is self-contained, newly refurbished and unused. It will be sold with vacant possession and has an estimated rental value of £19,500 per annum. The flat may appeal to owner occupiers, buy-to-let investors or HMO investors, subject to the necessary consents and licences. There is additional loft space.
Location
Addlestone is a popular and vibrant Surrey town located approximately 20 miles southwest of central London and lies approximately 1 mile from Junction 11 of the M25 motorway. Woking, Chertsey and Weybridge are all within 1 mile of the town and Guildford lies approximately 10 miles to the south. Addlestone train station is only a 2-minute walk and provides a regular and fast service to Waterloo with an approximate journey time of 30 minutes.
Viewings
Strictly via appointment with the sole agents Curchod & Co.
Terms
The freehold interest is available with offers from £575,000. Each party is to bear its own legal and professional costs. The property is not elected for VAT.
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.
Planning
There is planning permission Ref ru.24/1662 to convert the loft space into a 1 bedroom flat which has not been carried out by the sellers.
Mortgage calculator
£2,876 per month
70+ lenders and 10,000+ products
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}