2,228 sq ft Investment Property, For Sale
|Property Type||Investment Property|
|Size||2,228 sq ft|
|Freehold Price||Offers in excess of £900,000|
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.
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.
The building is listed under the Planning (Listed Buildings and Conservation Areas) Act 1990 as amended for its special architecture or historic interest.
|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|
Measurements provided on a Net Internal (NIA) basis.
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.
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.