Franklin Commercial

Address

2 High Street
Esher
KT10 9RT

Location

Located at the northern end of Esher High Street adjacent to Sandown Park Race course. Nearby businesses include Costa, Everyman Cinema, Pizza Express, Boots, Good Earth and Tesco express.

Description

Fully let freehold commercial/residential investment for sale. Business Unaffected.

Guide Price £1,000,000.

The property comprises a shop of approximately 1,060 sq ft and self contained two floor flat over, with access via an external rear staircase. There are two parking spaces to the rear also. Floor plans have been provided.

The shop is let to Ride With Mates Ltd and has traded as a busy cyclists Cafe for some 8 years. There is a Director's Guarantee.

The flat is arranged over two floors and comprises two double bedrooms, large lounge, kitchen and bathroom. It is approached via an external rear staircase to a terrace area and is let on an AST agreement.

Total current rental income from the investment is £49,800 p.a.

Shop EPC band - C

Flat EPC band - D

General Information

Tenure: Freehold

Price/premium: £1,000,000

Rent details: Shop - £36,000 p.a. Flat £1,150 pcm.

Legal fees: Each party to bear their own

Rateable value: The VOA website states a rateable value of £29,250 p.a. (shop).

Lease details: Shop let on F.R.I. lease drafted inside the Landlord and Tenant Act 1954, commencing 25th November 2020 and expiring 17th July 2026. Rent Review 18th July 2021 (outstanding). The flat is let on AST agreement.

Features

Favoured location
Freehold
Mixed use investment

Important Notice

Information supplied by franklin commercial is intended as a general guide only & should always be verified by you prior to contract (we do not usually inspect leases/service charge accounts etc or test any amenities/services). We do not guarantee the accuracy of approximate measurements/areas quoted, plans or any other information, which may have been supplied to us by Clients. Our descriptions do not form part of any contract and nothing is included unless it is in the solicitors contract for sale. All inspections/negotiations must be conducted through us & information should not be transmitted to 3rd parties. Under no circumstances may a direct approach to the business, vendor or lessee be made - staff are usually unaware of a proposed sale. Rents/Prices quoted are always exclusive of V.A.T. (if applicable).