Ground Floor and Rear Land, 126 Central Road, Worcester Park, KT4 8HT

Summary

The property comprises of a self-contained retail unit on the ground floor, with land to the rear which has a site area of approximately 0.063 acres.

There is front and rear access (from the land to the rear) for the ground floor retail unit.

Key Points

Viewings

All viewings are to be arranged in advance with the letting agent (Curchod & Co).

Anti-Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Tenancy Information

The property consists of a ground floor retail unit which is currently let on a 10-year lease term from 25th March 2022, at a rent of £16,500 per annum exclusive. This lease is inside the security of tenure provisions within the Landlord and Tenant Act 1954. The use is a Florist within Use Class E (a) or for such other trade of business within Use Class E (c) subject to the Landlord consent, not to be unreasonably withheld or delayed. There is an upwards only rent review and a tenant only break option at the 5th year anniversary of the lease commencement date.

To the rear of the retail unit there is a lease for the land in the rear of 126 Central Road, Worcester Park which is let to the Ground Floor Tenant on a 10-year lease term from 25th March 2022 at a peppercorn rent. This lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. The site area is approximately 0.063 acres. There is a landlord break at any time during the lease term, subject to giving the Tenant not less than three months’ notice in writing.

Further lease documentation can be provided upon request.

Location

Terms