Acquired
Epsom – Education Centre
10C East Street, Epsom, Surrey KT17 1JEVirtual Freehold Education Centre Investment
Lease Term
10 Years
Area
344 SQ FT
VAT Applicable
No
Investment Consideration
- Property is arranged on ground floor only to provide an education centre with D1 use
- Let to an individual on a lease expiring in 2028
- There is a tenant’s option to break in the fifth year
- Rent Review 2023
- Leasehold. Held for a term of 999 years from completion at a peppercorn ground rent
- Well located close to Epsom Rail Station
- Occupiers close by include McDonald’s, Poundland, Dreams, Prezzo, Robert Dyas and ASK Italian, amongst others.
VAT
VAT is not applicable.
Property Description
The property is arranged on ground floor only to provide an education centre with D1 use.
The property provides the following accommodation and dimensions:
Ground Floor: 32 sqm (344 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: 32 sqm (344 sq ft)
Tenancy Description
The property is at present let to GINA PASCUA PACHECO for a term of 10 years from 14th November 2018 at a current rent of £13,000 per annum. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.
Tenancies & Accommodation
Location Description
Epsom is a well established commercial centre situated approximately 16 miles south-west of central London and 4 miles north-east of Junction 9 of the M25 Motorway. Kingston upon Thames lies approximately 5 miles to the north and the A3 trunk road is located 3 miles to the north of the town via the A240, which is predominantly dual carriageway.
The property is located to the east of East Street, opposite its junction with Hook Road, approximately 100 metres from High Street and some 330 metres from Epsom Rail Station.
The property is located to the east of East Street, opposite its junction with Hook Road, approximately 100 metres from High Street and some 330 metres from Epsom Rail Station.
