Freehold investment for sale- business unaffected.
Guide Price - £285,000.
Mid terrace shop with 2 storey flat over (flat sold on long lease).
Shop let to T.C. Medispa, trading as a beauty salon and currently producing £16,000 p.a. rent.
Let on a 15 year effectively F.R.I. lease dated 18th August 2016. There is a mutual option to break on 18th August 2028 and the lease provides for 5 yearly Rent Reviews.
Lease drafted outside of The Landlord & Tenant Act 1954.
Upper Flat arranged over two floors and sold on 999 year lease from September 1996 at a peppercorn ground rent.
EPC Band - D.
Viewings by appointment only - please do not disturb the shop tenant.
Location
The property is located in a good secondary parade close to the Co-op and a public car park and with street parking outside also. Claygate is a desirable and thriving village with a main line station at the end of The Parade, just a few minutes walk from the property (Waterloo approximately 30 minutes).
Accommodation
The shop measures approximately 740 sq ft. One rear parking space is demised to the shop and one to the upper flat.
Terms
Tenure: Leasehold
Price/premium: £285,000
Legal fees: Not specified
Lease details: The ground floor shop is let on a 15 year effectively F.R.I. lease.
Specification
- Freehold
- Fully let investment
- High street location