Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding, mixed-use, investment opportunity in the heart of Surbiton.
Arranged across ground first and second floors, the property is let to a single tenant across two, co-terminating, leases producing £60,000 per annum. The tenant is trading as a beauty salon with sales space to the ground floor and treatment rooms to the upper parts. The leases produce a combined rent of £60,000 per annum and expire 24/05/2024.
The property is situated on one of the principal retail streets in Surbiton, being both adjacent to the station and immediately opposite the Sainsburys Superstore. Notable nearby occupiers include McDonalds, Boots, Sainsburys and M&S.
Tenure
Freehold
Accommodation
Areas taken from EPC Certificates
Tenancy
The property is fully let via two leases to Wellness (Surrey) Limited t/a Simplicity.
The leases are co-terminating on 24/05/2024 with the ground floor lease producing £40,000 per annum and the lease of the first and second floors producing £20,000 per annum.
Planning
Whilst there are no extant planning consents, the property lends itself to conversion of the upper parts to provide residential accommodation. The fact the property is let on separate leases also allows for this to be negotiated seamlessly with the tenant.
Any development potential is subject to the existing leases and obtaining any requisite consents.
Rent