Retail premises for sale in Addlestone KT15

Offers over £415,000 (£371.86/sq. ft)
Interested in this property? Call +44 1483 665824 * or Request Details

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Retail premises for sale

1,116 sq. ft*

Property description

Key Points

  • Ground floor retail on popular parade with self contained 2-bedroom flat
  • Well positioned on Station Road, Addlestone's main retail thoroughfare
  • Currently let to Nationwide Building Society, 2.33 years unexpired
  • Rental income £31,150 p.a.
  • Description

    The property comprises a ground floor e-class premises, currently utilised as a bank with ancillary offices, complete with kitchen and WC facilities with additional storage areas. The upper parts are included in the lease and comprise a self contained flat, comprising of 2-rooms, kitchen and bathroom, accessible via a staircase situated at the rear of the property. The property has parking to the side and to the rear of the premises along the vehicular access road.

    Local occupiers include Tesco Extra, Costa, Wimpy, Anytime Fitness, kfc, Greggs, William Hill and a number of independent retailers.

    The freehold interests of both 93 and 95 Station Road are also available.

    Location

    Addlestone is a popular Surrey town located approximately 20-miles southwest of Central-London. Woking, Weybridge and Chertsey are all within 1-mile of the town, with Guildford approximately 10-miles to the south. Addlestone train station is within a 5 minute walk providing regular services to Waterloo, with Junction 11 of the M25 approximately 1-mile away.

    Terms

    Sale of the freehold, with offers in excess of £415,000.

    The premises are currently held as a whole by way of a full repairing and insuring lease, for a term of 5-years from 29th September 2023 with a 3rd year tenant break, at a passing rent of £31,150 per annum exclusive. The lease is inside the security of tenure provisions of the Landlord & Tenant Act 1954.

    Please note that the tenant is currently benefitting from half-rent until 28th September 2024.

    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.

    Legal Costs/VAT

    Each party to be responsible for the payment of their own legal costs incurred in the sale. Prices are quoted exclusive of VAT which may be charged.

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Curchod & Co, GU21 on +44 1483 665824 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Curchod & Co, and do not constitute property particulars. Please contact Curchod & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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