109/109a The Street

Fetcham, Surrey, KT22 9RD

720 sq ft Investment Property, For Sale

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Investment Property

Property Type Investment Property
Tenure For Sale
Size 720 sq ft
Freehold Price £225,000
Business Rates england-small

Key Points

  • Fetcham village centre
  • Prominent position
  • Parking

Location

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.

Description

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. 

Tenancies 

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. 

Floor Area

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 
Ancillary  200 18.58 
TOTAL  720  66.90 

Tenure

The premises is available on a freehold basis, subject to the leases as detailed above.

Viewings

For more information or viewings please contact the sole agents Hurst Warne.