Acquired
Epsom – Dry Cleaners & Two Flats
37/37A/37B Upper High Street, Epsom, Surrey KT17 4RAFreehold Shop & Residential Investment
Tenure
Freehold
Lease Term
20 Years
Years Left on Lease
Holding Over
Area
1,530 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises a ground floor shop let until 2024 and two self-contained flats above
- Affluent Surrey commuter town
- Opposite an Odeon Cinema
- Other occupiers close by include Costa, Co-op, Sevenoaks Sound & Vision and Domino’s, amongst others.
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property is arranged on ground and two upper floors to provide a ground floor shop unit and two self-contained flats above. The residential flats are accessed from the rear.
The property provides the following accommodation and dimensions:
Ground Floor Shop:
Shop: 767 sq ft
Upper Floors:
Flat 37A: 2 Rooms, Kitchen and Bathroom (365 sq ft)
Flat 37B: 2 Rooms, Kitchen and Bathroom (398 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor Shop:
Shop: 767 sq ft
Upper Floors:
Flat 37A: 2 Rooms, Kitchen and Bathroom (365 sq ft)
Flat 37B: 2 Rooms, Kitchen and Bathroom (398 sq ft)
Tenancy Description
The shop is at present let to Mr and Mrs Morjaria for a term of 20 years from 24th June 2004 at a current rent of £14,000 per annum and the lease contains full repairing and insuring covenants. Both residential flats have been let on AST for a term of 6 months from the July 2017 (Holding Over). Flat 37A is let at a current rent of £9,300 per annum and Flat 73B is let at a current rent of £7,200 per annum.
Tenancies & Accommodation
Location Description
Epsom is an affluent market town located approximately 16 miles south-west of central London and 4 miles north-east of Junction 9 of the M25 Motorway. The properties are situated on the north side of Upper High Street, opposite an Odeon Cinema, in the heart of the town centre.
