- Address:
- 14 Bridge Street
- Postcode:
- KT12 1AA
- Town:
- Walton On Thames
- Area:
- Surrey
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Busy and charming street close to the High Street and within close proximity to the river. Close to a good mix of other restaurants, cafe's, and retailers including Aldi and Marks & Spencer.
Freehold Guide Price: £485,000 + VAT
Business Unaffected
This well-presented freehold property is currently let to a
long-established Italian restaurant and offers an excellent investment
opportunity. The restaurant occupies both the ground and first floors, with a
total internal area of approximately 1,186 sq ft.
The ground floor comprises a kitchen, preparation area, and
store, along with a spacious dining area. Additional dining space is located on
the first floor, where male and female toilets are also provided. To the side
of the property, there is an outdoor seating area that has been in use by the
restaurant for many years. While this external space is not included in the
title, it has historically formed part of the restaurant’s operations. A rear
yard area, also not within the title, is similarly used, and an adjoining
property holds a right of way across part of this space.
The property is let to Da Vito Restaurant Limited on a
15-year full repairing and insuring lease, commencing 17 January 2015, and
drafted outside the security of tenure provisions of the Landlord and Tenant
Act 1954. The lease includes five-yearly rent reviews. The upcoming review,
effective 16 January 2025, has already been agreed at a rent of £33,000 per
annum. A Director’s Guarantee is in place.
Located on Bridge Street, the property benefits from being
in one of the area’s most popular dining destinations, close to both the High
Street and the River Thames.
The property falls within EPC Band C.
Viewings are strictly by appointment only. Please do not
approach or disturb the tenant. To arrange a viewing, contact 020 7117 2526.
