Property details

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Property ID: 771
Price/Rent: 250,000
Category: Investment/Development
Status:  Sold 
Tenure: Leasehold
Location: The property is prominently situated within a small neighbourhood parade of shops, offices and cafes fronting the A243 Hook Road near the bridge Road junction between Hook and Chessington.
Town: Chessington
Short Description: Commercial Property Investment in Chessington
Long Description:

LOCATION: 

The property is prominently situated within a small neighbourhood parade of shops, offices and cafes fronting the A243 Hook Road near the Bridge Road junction between Hook and Chessington.

There is a small access roadway with parking directly in front of this parade of shops.

DESCRIPTION: 

A double fronted ground floor Estate Agency premises arranged on the ground floor of a two storey corner/end of terrace mixed residential and commercial building with rear allocated car parking spaces.

The Estate Agency office has a Net Internal Area of 535 square feet plus washroom facility.

There are two allocated car parking spaces included with the Occupational Lease sited to the rear of the building.

TENANCY DETAILS: 

The ground floor commercial premises is currently rented to Nicholls Residential Limited (Company Registration Number: 06503608 and incorporated on 14th February 2008).

This Lease is on full repairing and insuring terms for ten years which expires on 20th April 2028 (eight years unexpired) and inside all provisions of the Landlord and Tenant Act 1954 Part Two.

RENTAL INCOME: 

Annual rental income receivable from this Tenancy is currently £20,000 per annum exclusive.

There is an upward only Rent Review to Open Market Rental Value in April 2023.

TERMS: 

The Long Leasehold Interest, which has an unexpired term of 989 years at a peppercorn ground rent, is offered for sale subject to the existing Commercial Tenancy.

NB: The Freehold will be made available for purchase to the successful buyer, subject to Notices and Contract.

ASKING PRICE:

Offers are invited in the region of £250,000.

EPC: 

An EPC has been commissioned and will be made available to interested parties.

FURTHER DETAILS: 

Strictly by appointment only with Sole Agents, Wallakers Commercial, on 020 8399 5381.

Wallakers Commercial
For further information please call us on 020 8399 5381
or contact us here

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