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Enquire about this listing or request viewing:
Sold
Price/premium:
£700,000
Size:
1,442 Square feet
Ref #3237
Address
Address:
62 Portsmouth Road
Town:
Cobham
Area:
Surrey
Postcode:
KT11 1HY
Location
Prominent main road position fronting the Portsmouth Road, which connects Cobham to Esher. Cobham is an affluent town with an excellent range of shops, restaurants, bars and supermarkets. There is parking in front of the parade of shops.
Description
Opportunity to acquire this freehold investment comprising a shop, land to the front and rear of the shops and thee bedroom self-contained masionette over.
The shop unit measures approximately 586 sq ft in total to include WC and small kitchenette area to the rear. The shop has recently been let on a new 10 year FRI lease to a barber at a rent of £25,000 p.a. Upward only rent review and tenant break clause in place in 2030.
The masionette is accessed from the rear of the property via a communal walkway and measures approximately 856 sq ft in total. The front door leads to the kitchen and there is a living room/ dining room and WC on this level. Stairs lead to the second floor which has two double bedrooms, a single bedroom and bathroom with shower over bath.
The masionette is currently let on a one year AST agreement from January 2025 at £1,250 pcm.
Parking to the rear is reserved for the flats on a first come first served basis and there is free unallocated parking for the shops at the front of the parade.
Early viewings recommended.
General Information
Tenure:
Freehold
Price/premium:
£700,000
Rent details:
Shop- £25,000 p.a
Flat- £1,250 pcm
Legal fees:
Each party to bear their own
Rateable value:
The VOA websites states a R.V. of £5,800 (shop). The premises should therefore qualify for full SBR relief, subject to the usual criteria.
Lease details:
Shop- 10 year FRI lease drafted Outside of the Landlord and Tenant Act 1954.
Flat- 1 year AST agreement from January 2025.
Features
Early viewing recommended
Mixed use investment
Prominent location
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).