Acquired
Surbiton – Shop & 3-Bed Maisonette
128 Tolworth Broadway, Surbiton, Surrey KT6 7HTFreehold Retail & Residential Investment
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
4y 3m
Area
1,485 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor retail shop and 3-bedroom maisonette arranged over first and second floor
- Total area size of 138 sq m (1,485 sq ft)
- Two car parking spaces at rear
- Within short walk to Tolworth train station
- Located opposite M&S Foodhall with nearby occupiers including Domino`s Pizza and Poundland, amongst others
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor shop, currently operating as a nail salon and 3-bedroom maisonette arranged over first and second floor. The property benefits from 2 parking spaces at rear.
The property provides the following accommodation and dimensions:
Ground Floor: Nail Salon 71 sq m (764 sq ft)
Retail Area, Storage, WC
First/Second Floor: Maisonette 67 sq m (721 sq ft)
4 Rooms, Reception, Kitchen, Bathroom/WC
Total area size: 138 sq m (1,485 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Nail Salon 71 sq m (764 sq ft)
Retail Area, Storage, WC
First/Second Floor: Maisonette 67 sq m (721 sq ft)
4 Rooms, Reception, Kitchen, Bathroom/WC
Total area size: 138 sq m (1,485 sq ft)
Tenancy Description
The ground floor shop is at present let to an Individual for a term of 15 years from 26th March 2014 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. No break clause. Deposit held of £3,750. The first and second floor maisonette is let to Omnia Housing Ltd on a Guaranteed Rent Agreement for a term of 5 Years from 9 August 2021 at current rent of £33,000 per annum. Deposit held of £2,750.
Tenancies & Accommodation
Location Description
Surbiton is a suburban neighbourhood of south-western Greater London, within the Royal Borough of Kingston upon Thames. It is situated next to the River Thames, 11 miles (18 km) southwest of Charing Cross. Surbiton is served by a number of regular bus services. Transport for London bus routes 71, 281, 406, 41, 465,K1, K2, K3, and K4. Railways have served the town since it was founded. Surbiton and Berrylands stations are both served by South Western Railway services. It provides rail links to London Waterloo, Surrey and Hampshire. The property is located within short walk to Tolworth train station and opposite M&S Foodhall with nearby occupiers including Domino`s Pizza and Poundland, amongst others.