Let semi-detached single storey industrial / warehouse unit with a mezzanine area.
Leatherhead is located approximately 18 miles south-west of Central London with good access to the national motorway network via Junction 9 of the M25. The property is situated on Old Station Approach which is approximately 3 minutes’ walk from Leatherhead mainline station which provides frequent services to London Victoria and London Waterloo with an approximate travel time of 40 and 34 minutes respectively. The Town Centre is a short walk from the property and provides a good level of amenities.
Ground floor 1,410 sq.ft (130.99 sq m)
Mezzanine 480 sq.ft (44.59 sq.m)
TOTAL GIA 1,890 sq.ft (175.28 sq.m)
VAT will apply to the purchase price.
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.
Freehold for Sale (may let)
The subject property is located centrally in the Surrey village of Cranleigh, located approx. 9 miles south of Guildford and 11 miles northwest of Horsham. The village boasts a busy retailing centre comprising many multiple retailers including; Boots, WH Smith, Subway, M&S Food, Sainsbury’s, Co-op and Costa, all of which are within a short walk of the property. Cranleigh village centre also beneﬁts from two large local authority car parks at Stocklund Square and Village Way.
Floor sq ft sq m Ground Floor Sale Area 1,317 122 Ground Floor Storage 472 44 First Floor 380 36 Total 2,169 202
The premises are available to view strictly by appointment with the agents.
Self contained office building
Endeavour Place is part of Coxbridge Business Park situated just off the A31 to the west of Farnham. To the south west the A31 provides access to the M27 and the M3. To the north east the A31 links with the A331 providing fast access to the M3 (Junction 4) and the A3 at Guildford, and thus to the M25, Heathrow and Gatwick Airports and central London. The nearby Farnham mainline railway station provides a frequent service to London Waterloo with an average journey time of approximately 55 minutes.
The available property comprises a two storey office building constructed in 2005. The office provides predominantly open plan accommodation with glazed partitioned boardroom on the ground floor, kitchen and small air conditioned understairs server area.Terms
The property is available on the basis of a new effective full repairing and insuring lease for a term to be agreed. The rent is exclusive of business rates, utilities, service charge etc and VAT (if applicable).
Consideration would be given to a letting of a single floor.
The property is also available for sale.Legal Costs
Each side to be responsible for the payment of their own legal costs incurred in the letting.
The property is situated in a prominent location in this attractive Surrey village of character.
The property is situated in a prominent location in this attractive Surrey village of character, providing a mixture of specialists retailers and restaurants. Occupiers close by include a Co-Op Convenience Store, Surrey Wine Cellar, Comfort & Nourish, The White Brassiere (The Sun Inn) Indo Fine Dining and Maureena Spa. There is a public surface car park within 50 yards of the property, just off the High Street.. Chobham is situated 5 miles North West of Woking and 5 miles from the M3 junction and Bagshot, 3.5miles south of the A30 at Sunningdale.
The premises are arranged on Ground & First Floor levels providing retail accommodation on both floors.
The following approximate dimensions and areas are provided:
| Frontage to High St | 61’ 8’’ | (18.8m) |
| Internal Width (Max) | 56’ 6” | (17.22m) |
| Internal Width (Min) | 41’5’’ | (12.62m) |
| Shop Depth | 38’ | (11.58m) |
| Built Depth | 61’4” | (18.67m) |
| Grd Floor Area | 2778sqft | (258sqm) |
| Grd Floor Loft Store | 100sqft | (9.3 sqm) |
| First Floor Sales | 1300sqft | (120.77sqm) |
| Kitchen | 155sqft | (14.44sqm) |
| Total Floor Area | 4333sqft | (402.54sqm) |
Gas Fired Boiler, WCs and Rear Yard.
The property is held on a full repairing and insuring lease for a term of 10 years from the 29th September 2011 at a current rent of £65,000 per annum. The September 2016 rent review is outstanding.
An assignment of the Lease is offered for nil consideration. Alternatively, we understand a new Lease may be available for a term extending beyond 2021, subject to Landlords consent and agreeement.
The property currently benefits from Class A1 Retail Use but equally may prove suitable for Class A3 Restaurant Use or A2 Professional Use subject to planning and Landlords consent.
We are advised by Surrey Heath Borough Council that the rating assesment for this property is as follows:-
Rates Payable 2017/2018: £17,358.50
Rateable Value 2017/2018: £37,250
Interested parties are invited to check with Surrey Heath Borough Council as to the accuracy of this assessment on T: 01276 707100.
Each party to be responsible for their own legal costs incurred in this assignment,
Strictly by appointment with the sole retained agents
Mark Isherwood T: 01483 300176/07990585666 firstname.lastname@example.org
James Finn T: 01483 300176/07500444398 email@example.com