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AGENT'S DETAILS


69 - 71 High Street, Chobham, GU24 8AF

For sale: £335,000.00|922 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£335,000.00
SIZE922 Sq Ft
ADDRESS69 - 71 High Street, , Chobham, GU24 8AF
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON7th February 2020

DESCRIPTION

FREEHOLD RETAIL INVESTMENT FOR SALE. Commercial Floor Area of 85.6 sq. m. / 922 sq. ft. Producing Rental Income of £20,000 p.a.



Location

This property is located right in the heart of Chobham’s 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.



Additional Details

Viewing

By Appointment with the Sole Agents



Description

69-71 High Street is an attractive Grade– 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.

Accommodation

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

Not measured.



Tenure

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.

Price

£335,000

Legal Costs

Both parties to bear their own legal costs incurred in the transaction.

LOCATION

Location: 69 - 71 High Street, , Chobham, GU24 8AF

Woking (2.8 miles)

Longcross (3.0 miles)

Brookwood (3.3 miles)

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