Available
Oxted – Pharmacy, Medical & 3-Bed Maisonette
224 Pollards Oak Road, Hurst Green, Oxted, Surrey RH8 0JPFreehold Retail & Residential Investment
Price
£590,000
Rent P.A.
£27,000
Yield
ERV: £47,000
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
8y 9m
Area
1,947 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £47,000 p.a. GIY: 7.97%
- Comprises ground floor shop t/a pharmacy, ground floor retail unit t/a physiotherapist and a self-contained 3-bedroom flat at first and second floor, accessed from the rear
- Situated within 1min walk from Hurst Green Train station and 1 mile from Oxted High Street, with nearby occupiers including Post Office, Costcutter, Hair Dresser and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor shop t/a pharmacy, ground floor unit t/a physiotherapist and self-contained 3-bed maisonette at first and second floor, providing the following accommodation and dimensions:
Ground Floor: 111 sq m (1,194 sq ft)
Shop No.224: 70 sq m (753 sq ft)
Shop No.224A: 41 sq m (441 sq ft)
First/Second Floor: 70 sq m (753 sq ft)
Maisonette: 3 bedrooms, kitchen, living room, bathroom
Ground Floor: 111 sq m (1,194 sq ft)
Shop No.224: 70 sq m (753 sq ft)
Shop No.224A: 41 sq m (441 sq ft)
First/Second Floor: 70 sq m (753 sq ft)
Maisonette: 3 bedrooms, kitchen, living room, bathroom
Tenancy Description
Shop No.224 is at present let to V C K P Limited (with PG) for a term of 15 Years from 3rd September 2018 at a current rent of £15,000 p.a. and the lease contains full repairing and insuring covenants. Rent review in September 2028 open market. No breaks.
Shop No.224A is at present holding over at a current rent of £12,000 p.a. and the lease contains full repairing and insuring covenants.
Flat 224A is at present vacant. ERV: £20,000 p.a.
Shop No.224A is at present holding over at a current rent of £12,000 p.a. and the lease contains full repairing and insuring covenants.
Flat 224A is at present vacant. ERV: £20,000 p.a.
Tenancies & Accommodation
Location Description
Oxted is an affluent and highly desirable Surrey commuter town located in the Surrey Hills, an area of outstanding natural beauty. The A25 connects with the A22 and the Sevenoaks bypass, which both connect with the M25 motorway, providing easy access to central London (22 miles) and Sevenoaks (10 miles). The property is situated within 1min walk from Hurst Green Train station and 1 mile from Oxted High Street, with nearby occupiers including Post Office, Costcutter, Hair Dresser and more.
