ADDRESS21/23 Church Road, Great Bookham, Leatherhead, Surrey KT23 3PG
TYPEFlat, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON30th May 2020
Investment Consideration: Comprises shop and self-contained 2 bed maisonette. Let on an overriding lease expiring 2028. VAT is NOT applicable to this property. Affluent Surrey village. Occupiers close by include Co-op Food, Boots Pharmacy, DEBRA and a number of independent traders.
Property Description: The property is arranged as a Ground Floor Shop and a 2 bed Maisonette on First and Second Floor let to P. Newman. The property is situated within an established local parade on the west side of Church Road in the heart of the village.
The property provides the following accommodation and dimensions: Ground Floor First and Second Floor Maisonette – 3 rooms, kitchen, bathroom: 75.10 sq m (808 sq ft)
Tenancy: The shop is at present let to P Newman for a term of 10 years from 8th November 2018 at a current rent of £19,000 per annum. The lease provides for rent review in 5th year to the higher of OMV or £20,000 p.a. Break option on 08.11.2023 on serving six months notice.
Location: The affluent village of Great Bookham is located 2.25 miles south-west of Leatherhead and 9.5 miles north-east of Guildford. Bookham Rail Station provides frequent services to London Waterloo (52 mins) and Guildford (21 mins) The M25 (J9) is 3 miles to the north east and accessed via the A246 (Leatherhead Road). Occupiers close by include Co-op Food, Boots Pharmacy, DEBRA and a number of independent traders.