720 sq ft Investment Property, For Sale
|Property Type||Investment Property|
|Size||720 sq ft|
The premises are located within the centre of Fetcham Village which provides an attractive and busy secondary retail centre. The position of the shop itself provides good exposure to passing foot and vehicular traffic as well as benefiting from unrestricted parking directly outside the premises.
Fetcham is approximately 1.7 miles from Leatherhead town centre which provides a wider range of amenities as well as a mainline station with frequent services to London Waterloo and London Bridge, respective journey times are approx. 45 and 50 minutes.
Furthermore, the location is anchored by the recent occupation of Sainsburys in the opposite parade.
The building comprises a mixed use property incorporating a ground floor lock-up retail unit with the majority of the floor area providing open plan sales together with a smaller rear section currently fitted as a kitchen/food preparation area and storage.
The upper parts comprise a self-contained, split-level 2 bed maisonette, accessed via the rear of the property. The maisonette also benefits from a small rear garden and single garage building with vehicluar access provided via a shared private drive.
The ground floor is let to Harringtons Sandwiches Ltd on a FRI lease on an effective FRI lease for a term expiring 1st May 2022 for at annual rent of £13,948.75.
The flat has been sold off by way of a long leasehold interest for a term 125 years (expring 2140) with an initial ground rent of £250 pa, with fixed future uplifts (first uplift 2040 to £500).
Copies of all leases are available upon request.
Measured on a NIA basis, we approxiamtle the following floor area for the ground floor
|Ground floor retail||sq ft||sq m|
|A1 Retail area||520||48.32|
The premises is available on a freehold basis, subject to the leases as detailed above.
For more information or viewings please contact the sole agents Hurst Warne.