Leatherhead is an affluent Surrey commuter town approximately 17 miles south west of London. Both Heathrow and Gatwick airports are approximately 30 minutes drive whilst Leatherhead station provides a fast and frequent service to London Waterloo and Victoria (approximate journey time 44 minutes). The town benefits from excellent communications with the M25 at Junction 9 being one mile away. The property is located in a prime and central location in Leatherhead at the top end of Bridge Street where the road merges with North Street. The front of the property looks out onto the pedestrianised High Street that is home to well known national retailers.
Grade II Listed Date first Listed - 24 August 1990
Floor Sq ft Sq m Ground floor retail 817 75.90 (plus basement 232 sq ft/21.57 sq m) 1st floor offices 716 66.52 2nd floor offices 695 64.57 Total 2,228 206.99
Measurements provided on a Net Internal (NIA) basis.
Offer are sought for the benefit of the freehold interest in excess of £900,000. A purchase at this level reflects an attractive net initial yield of 6.35% (assuming purchase costs of 5.65%). Subject to Contract and exclusive of VAT.
Retail and residential investment sale
Leatherhead is an affluent Surrey commuter town approximately 17 miles South West of London. Both Heathrow and Gatwick airports are approximately 30 minutes drive whilst Leatherhead station provides a fast and frequent service to London Waterloo and Victoria (approximate journey time 44 minutes). The town benefits from excellent communications with the M25 at Junction 9 being 1 mile away. The premises are located in a prime and prominent part of the pedestrianised Leatherhead High Street close the entrance to the Swan Centre. The High Street provides a mix of modern and historic buildings with an attractive environment. Nearby retailers include Subway, Superdrug, Greggs and Carphone Warehouse. Occupiers within the Swan Centre include Poundland, Clinton Cards, Argos, Boots, WH Smiths and Sainsburys.
33/35 High Street comprises a self-contained historic property over ground and first floors with rear garden/yard which backs onto the Swan Centre.
The property is listed and within Leatherhead conservation area and whilst the property is wooden framed it was relocated at some point in the 1950's to its current location and a steel frame inserted.
The ground floor is predominantely open plan A1 retail accommodation with storage/ancillary to rear.
The first floor is accessed by a side entrance and stairwell and was converted into 2 x high quality 1 bed flats in 2012. Plans can be seen on our website, together with the original planning application under reference MO/2011/1430 and listed building consent MO/2011/1431.Accommodation
| | sq m | sq ft |
| Ground Floor Retail - NIA | 88.26 | 950 |
| First Floor Flat A - GIA | 47.00 | 506 |
| First Floor Flat B - GIA | 43.00 | 463 |
| Total Approx. | 178.26 | 1,919 |
The shop has an internal width of 9.43m (max) and internal depth of 10.75m (max).Investment Highlights Leatherhead is an affluent town in Surrey. The property is situated in a prime and prominent part of Leatherhead High Street. Ground floor retail let to a national charity until May 2022. First floor converted to 2 x 1 bed flats let on assured shorthold tenancies. Rare opportunity to buy a freehold in the town centre. Leatherhead undergoing significant enhancements under the 'Transform Leatherhead' programme. Offers in excess of £875,000. This reflects an attractive net initial yield of 6.7% for the ground floor (assuming purchasers costs of 4.14%) together with well let upper parts providing an attractive investment. Tenancy Information
The ground floor retail unit is let by way of a fully repairing and insuring lease (subject to a fixed service charge of £1,750 per annum, exclusive subject to an annual RPI increase) to Queen Elizabeth's Foundation for Disabled People (Reg Co No. 00892013 & Registered Charity No. 251051) from the 8th May 2017 for a term expiring 8th May 2022.
The annual rental is £27,500 per annum, exclusive, payable quarterly in advance. The lease is held outside of the security of tenrure and compensation provisions on the 1954 Landlord & Tenant Act.
QEF is a substantial charity with 2015/2016 annual funding in excess of £12m. Further information on QEF together with their accounts can be found at qef.org.uk.
Both the first floor flats are let on assured shorthold tenancies. Flat A is let at £875 per calendar month and Flat B at £850 per calendar month = £20,700 per annum.
The lease and tenancies can be obtained from Hurst Warne.Tenure and Title Information
The premises are freehold, held under the title SY544439.The Proposal
Offers sought for the benefit of the freehold interest in excess of £875,000.
This reflects an attractive net initial yield on the ground floor retail of 6.7% (assuming purchase costs of 4.14%) together with well let upper parts providing an attractive investment.
Subject to contract and exclusive of VAT.
High Quality Offices up to 39,695 sq ft
The building is well located within the secure Leatherhead Office Park, only minutes from the M25 and next door to the headquarters of both KBR and Unilever. The building has excellent car parking with 132 designated spaces in close proximity to the building as well as disabled parking and ample cycle storage. Leatherhead is well connected by both car and train as well as being close to Gatwick and Heathrow Airports and is home to a number of international companies including Unilever KBR, CGI Group, ExxonMobil and Wates Group.
One Springfield Drive has been developed to meet both BCO and environmental green standards to ensure that it is fit for modern office occupation. Green buildings are proven to reduce staff sickness and lead to a productive working environment. The building is developed to a high specification with state of the art LED lighting, a majestic steel ribbon staircase, floor to ceiling windows offering spectacular views of the surrounding countryside. Cycle racks, lockers and plentiful shower facilities are offered to promote exercise and aid the wellbeing of your workforce.Accommodation
| Floor | Area (sq ft) | Area (sq m) |
| Third floor | 3,110 | 289.0 |
| Second floor | 12,632 | 1,173.5 |
| First floor | 11,778 | 1,094.2 |
| Ground floor | 11,560 | 1,074.0 |
| Reception | 615 | 57.2 |
| Total | 39,695 | 3,687.9 |
Approx.IPMS 3 Office floor areas.Specification New heat recovery air conditioning Raised floors Target EPC rating of B BREEAM rating of VeryGood 132 car parking spaces (Ratio 1:300 sq ft) 2 roof terraces 2 passenger lifts to all floors including car park Male and female showers on all floors 36 cycle racks and lockers Further Information & Viewing
Please contact Nic Pocknall at Hurst Warne (T/ 01372 360190 or M/ 07770416219) or our Joint Agent Charlie West at Jones Lang LaSalle (T/ 020 70875668 or M/ 07969551072).Video