- Unit B, 110 High Street
- KT10 9QJ
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.
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.