Freehold Car Park Investment – For Sale – Surbiton

Marketing Details
LOCATION:
The car park is situated directly behind the Grand Parade shopping parade and busy B&M Bargain Store which front the A240 Ewell Road close by to its junction with Lenelby Road and a short walking distance away from the main shopping and transport amenities of Tolworth Broadway.

DESCRIPTION:
The property represents a trapezium shaped level and tarmac surfaced site which is currently utilised as a public car park with vehicular access from Lenelby Road.

The car park includes approximately thirty demarcated car parking spaces plus a detached block of six single garages. The car park mainly serves the customers for the B&M Bargain Store as well as the Grand Parade shops (Please see attached Site Plan)

There is a small electrical sub-station situated within the curtilage of the car park.

TENANCY DETAILS:
The car park is let on a Long Leasehold interest for an original term of 99 years from 1st January 1974 (49 years unexpired) to CNM Estates (Ewell Road) Limited. This Lease being on effective full repairing and insuring terms and inside all of the security of tenure provisions of the Landlord and Tenant Act 1954 Part Two.

RENTAL INCOME:
£25,840 per annum exclusive payable six monthly in advance.

RENT REVIEWS:
Every ten years of the Lease term. Next Rent Review being 1st January 2029.

TERMS:
The Freehold Interest in the property is offered for sale subject to the existing Commercial Tenancy.

PRICE:
£430,000 Freehold.

FURTHER DETAILS:
Please contact Wallakers Commercial on 020 8399 5381.