MIXED USE INVESTMENT OPPORTUNITY FOR SALE
- FREEHOLD INVESTMENT OPPORTUNITY
- TENANTED GROUND FLOOR RETAIL.
A Victorian semi-detached property consisting of a restaurant on the ground floor and a vacant maisonette above which has a self-contained access to the rear via a shared passageway to the side of No.43 adjacent.
The ground floor retail unit currently trades as a restaurant and fronts on to Victoria Road.
The ground floor is generating £32,000 per annum on a 20 year lease commencing 20th November 2019.
There are no breaks and there is an outstanding rent review dated 15th October 2021 and every 5th year thereafter.
EPC Rating: D (86)
The property is located in Surbiton town centre close to the junction of Victoria Road with Brighton Road within a secondary retail parade but close to the prime pitch where several national multiples are represented including J Sainsbury, Superdrug and McDonalds, alongside a number of independent retailers. Kingston upon Thames is the principle retail and commercial centre in the area, located about two miles north. The River Thames is within a dew minutes' walk of the property.
The property has an approximate net internal floor area of:-
Retail - 107 sq.m (1.155 sq.ft)
Maisonette - 79.10 sq.m (851 sq.ft)
2017 Rateable Value: £23,750
For confirmation of rates payable, please contact the business rates department of The London Borough of Kingaton upon Thames.
Freehold with vacant possession.
£740,000 - NO VAT IS APPLICABLE