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Property ID: 300
Price/Rent: £232,000
Category: Investment/Development
Status:  Sale agreed 
Tenure: Freehold
Location: Forming part of parade fronting A243 Leatherhead Road between Hook and Chessington.
Town: Chessington
Short Description: *FURTHER PRICE REDUCTION* MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT WITH FUTURE POTENTIAL FOR RENTAL UPLIFT AND PROPERTY EXTENSION.
Long Description:

A two storey mid terraced building (of three) comprising ground floor retail shop and rear stores with self contained residential maisonette to first floor.

The interior accommodation is laid out as follows:

Ground Floor:

Retail Shop:

Net Sales Area - 400 square feet (37 square metres)

Rear Store - 300 square feet (28 square metres)

Net Internal Area - 700 square feet (65 square metres)

Small washroom facility

Exterior:

Large forecourt car park area to front (car parking for 4 cars)

Large rear yard/car park with vehicular access from rear service road.

Front pathway leading to:

Recessed entrance porch and entrance door accessing first floor maisonette which comprises:

Ground Floor:

Porchway, separate entrance door and internal staircase, leading to:

First Floor:

Landing, Front Reception Room, Rear Double Bedroom, Kitchen and Bathroom/WC.

The flat has the benefit of central heating and double glazed window units.

TENANCY DETAILS

Shop and
Rear Yard:
Currently let out on a full repairing and insuring Lease to Mr D Lyeach for 12 years from 1st June 2006 at a rent of £7,500 per annum exclusive with rent reviews every 3 years.

Flat:
Currently let out to Mr Stephen Holroyd on an Assured Shorthold Tenancy for a term of twelve months from 29th August 2009 with a rent receivable of £7200 per annum exclusive.(£600 pcm)

RENTAL INCOME
£14,700 (Fourteen Thousand Seven Hundred Pounds)
per annum exclusive.

TERMS
The Freehold Interest in the property, subject to the existing Tenancies, is offered for sale.

ASKING PRICE
£232,000 (Two Hundred and Thirty Two Thousand Pounds) Freehold.

FURTHER DETAILS/VIEWING
By application to Sole Agents, Wallakers Commercial on Telephone 020 8399 5381.

Wallakers Commercial
For further information please call us on 020 8399 5381
or contact us here

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