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Freehold Investment / Development, Abinger Cookery school, Guildford Road, Abinger Hammer, Dorking, RH5 6RZ

3,300 Sq Ft / Other / Investment

For Sale - £850,000.00

Available - Last updated: 08 July 2024

DESCRIPTION: The property comprises a substantial Victorian building, formerly a Public House which was changed to a Cookery School about 10 years ago. The property is of conventional construction and is set in a generous plot with considerable development potential. The steep pitched roofs and attractive tile hanging make this a stand out building offering the combination of potential and income. The property and part of the grounds are let on an annual rent of £34750pa under a lease expiring in 2030 with a tenant only break in 2026, on site parking.

Location

Located in the very heart of this picturesque Village with the water meadows of the Tiillingbourne river opposite and the cricket pitch nearby. Gomshall is first down the road with a railway station and access to Guildford/ Dorking/ Gatwick all within easy reach. Dorking 4.7 miles, Gatwick 20.5 miles, Guildford 8.1 miles and Godalming 9.9 miles.  

Accommodation

visit Westwoodandco.com for floorplans and property details to download.   http://www.westwoodandco.com

Terms

THE INVESTMENT: The whole property and part of the garden are let on a full repairing and insuring lease for 10 years to Lizzie Bakes Ltd and guarantor at a current rent of £34,750 pax There is a Tenant only break clause for 31st January 2026 subject to notice and rent review. The lease is within the 1954 Landlord and Tenant Act, but the Barbeque area is not part of the lease and is on a license, at no cost, which the Landlord can terminate within a month. The property is for sale freehold on an unconditional basis with the Tenant and lease in place. 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
For Sale For Sale Freehold £850,000.00 NA

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John Westwood

Westwood & Company

01483 905157

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