Franklin Commercial

Address

101 Hare Lane
Claygate
KT10 0QX

Location

The property is located in a good secondary parade close to the Co-op and a public car park and with street parking outside also. Claygate is a desirable and thriving village with a main line station at the end of The Parade, just a few minutes walk from the property (Waterloo approximately 30 minutes).

Description

Freehold investment for sale- business unaffected.

Guide Price - £285,000.

Mid terrace shop with 2 storey flat over (flat sold on long lease).

Shop let to T.C. Medispa, trading as a beauty salon and currently producing £16,000 p.a. rent.

The shop measures approximately 740 sq ft. One rear parking space is demised to the shop and one to the upper flat.

Let on a 15 year effectively F.R.I. lease dated 18th August 2016. There is a mutual option to break on 18th August 2028 and the lease provides for 5 yearly Rent Reviews.

Lease drafted outside of The Landlord & Tenant Act 1954.

Upper Flat arranged over two floors and sold on 999 year lease from September 1996 at a peppercorn ground rent.

EPC Band - D.

Viewings by appointment only- please do not disturb the shop tenant.

General Information

Tenure: Leasehold

Price/premium: £285,000

Legal fees: Not specified

Lease details: The ground floor shop is let on a 15 year effectively F.R.I. lease.

Features

Freehold
Fully let investment
High street location

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).