FREEHOLD RETAIL INVESTMENT FOR SALE. Commercial Floor Area of 85.6 sq. m. / 922 sq. ft. Producing Rental Income of £20,000 p.a.
This property is located right in the heart of Chobhamâs attractive High Street, directly opposite to St. Lawrence Church. Chobham is an affluent Surrey Village, within the district of Surrey Heath. There are strong road links from Chobham, onto the M3 at Lightwater and the M25 at New Haw.
By Appointment with the Sole Agents
69-71 High Street is an attractive Gradeâ II listed period property. It is a two-storey end-of-terrace building with rear car park. The building has a pitched and tiled roof, white rendered walls and timber framed windows and doors. Internally the property comprises two ground floor shops (both leased) and a flat on the first floor (which has been sold off). No. 69 is a larger shop, currently occupied by a Florist which has rear access. No. 71 is a smaller bridal shop and both shops have charming character features and beamed ceilings. To the rear is a private car park for 5 cars, with a space demised to each commercial tenant and one each to two residential occupiers, with one space remaining.
The useable floor area is approximately:
| No. 69 |
| Retail Area | 20.7 sq. m. | 223 sq. ft. |
| Ancillary | 1.93 sq. m. | 21 sq. ft. |
| Total | 22.63 sq. m. | 244 sq. ft. |
| No. 71 |
| Retail Area | 32 sq. m. | 345 sq. ft. |
| Ancillary | 30.97 sq. m. | 333 sq. ft. |
| Total | 62.97 sq. m. | 678 sq. ft. |
First Floor Flat
Both 69 & 71 are leased on a 10 year lease terms with rent reviews and mutual options to break on the 5th Anniversary of commencement. No. 69 is leased to Chobham Bride Ltd. under a renewal lease dated 22nd January 2020 and pays £7,000 p.a. rent. No. 71 is leased to Chobham Flowers Ltd. from 1st November 2019, paying £13,000 p.a. Both tenants are to contribute a fixed service charge amount of £500 p.a. plus utilities and rates.
Both parties to bear their own legal costs incurred in the transaction.