2 Bridge Street

Leatherhead, Surrey, KT22 8BZ

2,228 sq ft Investment Property, For Sale

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Property Type Investment Property
Tenure For Sale
Size 2,228 sq ft
Freehold Price Offers in excess of £900,000

Key Points

  • Attractive period style building
  • Ground floor retail accommodation with office accommodation on upper floors
  • Fully let and incoming producing investment
  • Central location in Leatherhead town centre

Location

Leatherhead is an affluent Surrey commuter town approximately 17 miles south west of London. Both Heathrow and Gatwick airports are approximately 30 minutes drive whilst Leatherhead station provides a fast and frequent service to London Waterloo and Victoria (approximate journey time 44 minutes). The town benefits from excellent communications with the M25 at Junction 9 being one mile away.

The property is located in a prime and central location in Leatherhead at the top end of Bridge Street where the road merges with North Street. The front of the property looks out onto the pedestrianised High Street that is home to well known national retailers.

Description

The building is believed to have been constructed in 1928 and is a mixed-use property providing ground floor retail accommodation with offices on 1st and 2nd floors. The building is of Jacobean style architecture and was previously occupied by The Woolwich Building Society. A comprehensive refurbishment of the office accommodation was undertaken in 2016 to bring the property up to modern standards.

Listed Building

The building is listed under the Planning (Listed Buildings and Conservation Areas) Act 1990 as amended for its special architecture or historic interest.

  • Grade II Listed
  • Date first Listed - 24 August 1990

Accommodation

Floor Sq ft Sq m
Ground floor retail 817 75.90 (plus basement 232 sq ft/21.57 sq m)
1st floor offices 716 66.52
2nd floor offices 695 64.57
Total 2,228 206.99

Measurements provided on a Net Internal (NIA) basis. 

Tenure

The property is held on a freehold basis and currently fully let to three separate tenants. Lease and further tenancy information can be obtained on request from the agents.

Proposal

Offer are sought for the benefit of the freehold interest in excess of £900,000. A purchase at this level reflects an attractive net initial yield of 6.35% (assuming purchase costs of 5.65%). Subject to Contract and exclusive of VAT.

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