Town Centre Retail and Office Investment Opportunity approx. 4,543 sq. ft. (421 sq. m)
Potential Future Conversion (STP)
Location
Chertsey, Surrey is situated just off Junction 11 of the M25. This position offers excellent access to London with both Heathrow and Gatwick airports within easy reach. Chertsey railway station is a short walk from the property, providing access to London Waterloo.
The town centre provides local and financial amenities with occupiers including Travelodge, Sainsbury, Costa and Pizza Express, as well as being home to many international companies including Kone, Samsung, DHL, Toshiba
Accommodation
9 — 15 Windsor Street is a Grade 2 listed property comprising three well configured retail units across the ground floor with offices situated at first and second floors. The offices are accessed from both Windsor Street and Gogmore Lane.
There is a large entrance lobby off Windsor Street for the offices, and access to the rear car park.
Terms
We are instructed to seek offers in excess of £1,100,000 (One Million One Hundred Thousand Pounds) subject to contract and exclusive of VAT. This equates to an attractive initial yield of 6.64% after allowing for purchasers costs of 6.14%
Specification
- Popular Surrey town close to M25
- Town centre location close to Pizza Express
- Current income of £77,500 per annum
- Mixture of ground floor retail and office use to upper parts
- Potential for residential conversion subject to planning
- Offers sought in excess of £1,100,000 subject to contract and exclusive of VAT