Investment opportunity comprising a ground floor shop plus two bedroom flat above and good size rear yard.
The shop is let on a 10 year F.R.I. lease from 4th September 2018 with 5 yearly rent reviews. The current Tenant is trading as a nail bar and paying £10,500 p.a. The lease is drafted outside of the Landlord and Tenant Act 1954- Lease not inspected, please verify.
The shop measures circa 350 sq ft.
The flat above would benefit from updating and is let on an AST agreement to the occupiers of the shop at £1,100 p.c.m rent.
The flat measures circa 720 sq ft.
There is also a ground floor room and small store behind the shop measuring approximately 120 sq ft in total.
Planning permission was granted to erect a 5m X 6m outbuilding/store to the rear of the building - We believe this has now lapsed. Please visit Epsom and Ewell Council website to view the relevant documents - ref number: 19/01216/FUL.
Location
Situated in a busy local parade opposite public car park.
Accommodation
Size - 1,190 sq ft
Terms
EPC:
Band C (shop)
Band E (flat).
Tenure - Freehold
Price/Premium - £450,000
Rent details - Income: £1,350 p.c.m. flat Shop £10,500 p.a.
Legal fees - Each party to bear their own
Specification
- Freehold
- Fully let investment
- Local Parade
- Public car park nearby