Property 3101 in Esher, SurreyFranklin Commercial

Available

Price/premium£750,000
Size3,795 Square feet
Ref#3101

Address:: Unit B, 110 High Street

Postcode:: KT10 9QJ

Town:: Esher

Area:: Surrey

Location

Situated two doors down from Cote Brasserie & very close to Waitrose. Esher benefits from a good mix of multiple and independent retailers, coffee shops and restaurants, along with Everyman Cinema and Sandown Park race course. The A3 is within close proximity and Esher Train Station is within walking distance.

Description

Guide price £750,000 +VAT. Virtual freehold (999 year lease)

The premises are arranged over ground floor and basement. The ground floor measures approximately 2,000 sq ft with a further 1,795 sq ft to the basement, which accommodates a large kitchen and storage space along with customer toilets.

The premises are let to Mountrow Trading Ltd, t/a Pounding Heart, on an F.R.I. lease for a term of 10 years from 1st February 2021 at a current rent of £50,000 p.a. increasing to £60,000 p.a. from 1st February 2024. There is an upwards only rent review on 1st February 2026. There is a tenant’s option to break on 1st February 2026 with three months prior written notice.

The lease benefits from a personal guarantee and the vendor holds a deposit of £17,500 +VAT which will be assigned to the purchaser.

The premises benefit from a late licence from Thursday - Saturday.

EPC BAND - C

(Please note that there will be a covenant against the use of the premises as a kitchen showroom/shop.)

Early viewings are recommended by prior appointment only. Please do not approach the current Tenant or staff.

General information

Tenure:

Freehold

Price/premium:

£750,000

Legal fees:

Not specified

Rateable value:

Under valuation - awaiting information from the VOA website.

Lease details:

The lease is for a term of 10 years from 1st February 2021.

Features

Virtual freehold
High Street location
Outside seating
Viewings by appointment only

Property Map

Important notice

Information supplied by franklin commercial is intended as a general guide only & should always be verified by you prior to contract (we do not usually inspect leases/service charge accounts etc or test any amenities/services). We do not guarantee the accuracy of approximate measurements/areas quoted, plans or any other information, which may have been supplied to us by Clients. Our descriptions do not form part of any contract and nothing is included unless it is in the solicitors contract for sale. All inspections/negotiations must be conducted through us & information should not be transmitted to 3rd parties. Under no circumstances may a direct approach to the business, vendor or lessee be made - staff are usually unaware of a proposed sale. Rents/Prices quoted are always exclusive of V.A.T. (if applicable).

Print details