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New on!
Price/premium:
£2,000,000
Size:
2,130 Square feet
Ref #3398
Address
Address:
203-205 Central Parade, Central Road
Town:
Worcester Park
Area:
Surrey
Postcode:
KT4 8HL
Location
Prime position in the busy main shopping thoroughfare of Worcester Park.
Worcester Park station (Waterloo 27 mins) is within easy walking distance of the property.
Description
Freehold guide price £2,000,000.
Prominent and wide fronted mixed use Freehold investment for sale- fully let.
The property is arranged over ground, first and second floors, with the upper two floors having just been converted to provide 4 very well appointed 2 bedroom flats. The flat rental details are as follows:
Flat 1: £1800 - under offer
Flat 2: £2000 - under offer
Flat 3 :£1850 - available
Flat 4: £1900 - under offer
The ground floor is let to Caffe Nero (Nero Holdings Limited t/a Caffe Nero) on a lease expiring 02/10/2031 and producing £40,000 per annum. Effectively FRI lease. There is a tenants break option on 03/10/2026 with six months prior notice, which has not been served. The shop provides seating for 55/60 covers and a bar area to the front, with customer toilets, staff area and kitchen to the rear. Total shop area of circa 2,130 sq ft. There is parking area to the rear accessed from Green Lane.
Viewing by appointment only- 020 7117 2526.
General Information
Tenure:
Freehold
Price/premium:
£2,000,000
Legal fees:
Each party to bear their own
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).