Retail Property Investment, 96 High Street, Esher, KT10 9QJ
700 Sq Ft / Retail / Investment
For Sale
- £370,000.00
Available - Last updated: 25 October 2024
Freehold shop investment- business unaffected.
Guide price £370,000.
The shop has been refurbished by the Tenant to a very high standard.
The property measures approximately 700sq ft with it mostly being open plan apart from a separate beauty room, W.C and staff room with office to the rear. There is an emergency fire escape at the back of the property.
The current income is £19,000 p.a. with a rent increasing to £21,000 p.a. in November 2026.
There is 9 months rent deposit lodged with half to be returned to the Tenant at the end of the 5th year on the basis set out within the rent deposit deed.
The upper flat is included within the adjacent shop's freehold.
Location
The premises occupy a good trading location close to Waitrose ands Cote. Other multiples in the town include Boots, Caffé Nero, Pizza Express and Everyman Cinema.
Accommodation
Size - 700 sq ft
Terms
Tenure: Freehold
Price/premium: £370,000
Legal fees: Each party to bear their own
Lease details: 10 Year lease from November 2021 drafted within the Landlord and Tenant Act 1954. Rent - £19,000 years 1, 2 and 3, rising to £21,000 in years 4 and 5. Five year rent review.
EPC Band: C
Specification
- 'E' Use class
- Fully let investment
- High footfall
- High street location
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£370,000.00
| NA |
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