The property has been let on a new FRI lease for a term of 10 years from 8th May 2024 with a passing rent of £14,500 pa.
The property comprises a four-storey building with office space on ground floor and basement levels. The ground floor has wooden flooring with spotlighting throughout. The basement was recently refurbished with the addition of a WC. There is a two bedroom flat on the first and second floors above the commercial space which has been sold off on a long lease.
For sale is the long leasehold interest in the commercial unit, held for a term of 999 years from 22 December 2008 at a peppercorn rent.
( Agency Pilot Software ref: 34363 )
Location
Located in a prominent main road location close to the Hook Road/A3 junction between Surbiton and Chessington. The property is on the corner of Hook Road and Haycroft Road opposite Southborough School, a Shell petrol filling station and a Tesco Express store. Surbiton town centre and National Rail Station are approximately 1.5 miles away. A number of bus routes run along Hook Road to and from Surbiton town centre.
Accommodation
590 SQ FT (54.81 SQ M)
Terms
PRICE £199,000 for the long leasehold.
TENANCY SCHEDULE The property has been let on a new FRI lease for a term of 10 years from 8th May 2024 with a passing rent of £14,500 pa.
TENANCY SCHEDULE The property is held on a long lease of 999 years from 22 December 2008 at a peppercorn rent.
RATES Rateable value - £10,750 (2023).
VAT VAT will be chargeable on the terms quoted.
LEGAL COSTS Each party is to be responsible for their own legal fees.
EPC The property has an EPC rating of E.
Specification
• Prominent location close to A3/Hook Road junction
• Producing £14,500 pa
• On street parking on side roads off Hook Road