Address
Cobham
KT11 1HY
Location
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