Summary
Freehold Investment Opportunity - Ground Floor Restaurant with Residential Upper Parts (subject to existing leasehold interests)
Location
Weybridge is an affluent and prosperous town situated some 20 miles to the south west of Central London. It benefits from excellent communications being located approximately 3 miles from Junction 11 of the M25 and 4 miles from the A3. This in turn gives easy access to the national motorway network and Heathrow and Gatwick international airports.
The premises are situated in a prominent location on the High Street with nearby occupiers including Whitewall Galleries, Vodafone, Toni and Guy, Vodafone, Boots, W H Smith, Pizza Express, Prezzo, Waitrose, Starbucks and Caffe Nero.
The freehold is formed of a two storey building comprising a ground floor retail and restaurant occupied by an established Italian delicatessen offering high quality Italin produce. The upper parts are sold off and consist of residential accommodation on the upper floors.
Tenancies
The ground floor is let to Macari's Italy (by assignment) on a full repairing and insuring lease for a term of 15 years from 13th July 2012 at rent of £50,000 per annum. The next rent review is 13th July 2022
The two flats are sold off on long leasehold interests.
Legal Costs/VAT
Each party will bear their own legal costs.
VAT may be chargeable at the prevailing rate.