Our properties

Location

Prominent corner location on Molesey Road. Other close by traders include Lidl, Hersham Technology Park, Waitrose, Laithwaites and Volkswagen, along with a pleasant mix of other pubs, shops and cafes. Hersham Railway Station is nearby, providing a connectio

Description

Guide Price £520,000

This fully let office investment comprises two self-contained office suites, each with its own independent access and allocated parking. The property is held on a long lease of 125 years from 29 September 1984, leaving approximately 84 years remaining at a nominal ground rent of £1 per annum. Both suites are well presented and provide modern, functional workspace suitable for professional occupiers.

The ground floor suite is occupied by a TaxAssist Accountants franchise. The lease commenced in February 2018 for a term of ten years, at a current passing rent of £28,000 per annum. The accommodation is arranged predominantly as open-plan office space, with a glass-partitioned meeting room, a kitchenette, file storage area and a WC. A rear door provides access to the yard, where the tenant benefits from four dedicated parking spaces. The Energy Performance Certificate (EPC) rating for the ground floor is Band C.

The first floor is accessed via a private entrance and benefits from an entry phone system. The suite has been recently refurbished and enjoys excellent natural light from windows on three elevations. The accommodation includes open-plan workspace, male and female WC facilities, and a kitchenette. The lease was granted for a term of ten years from March 2023, contracted outside the provisions of the Landlord and Tenant Act 1954. The tenant holds an option to break the lease at the end of the fifth year, subject to six months’ prior written notice. Two dedicated parking spaces are demised to this suite at the rear of the property. An EPC assessment for the first floor is currently awaited.

This property represents a secure, income-producing investment opportunity, comprising two well-presented office suites let to established tenants. With modern accommodation, on-site parking, and a long leasehold tenure, the investment offers both immediate income and the potential for future value enhancement through lease extension or potential rent growth.

Early viewings are recommended. Please do not approach the current Tenants directly and contact Franklin Commercial for all viewings - 0207 117 2526