30 Station Approach Road
Tadworth
KT20 5AH
RETAIL & GROUND RENT INVESTMENT – FREEHOLD
667 sq ft
Retail Investment
£250,000
Under Offer
Key Features
- Freehold retail and ground rent investment in affluent location
- Short distance from Tadworth Station
- Ground Floor retail unit let on a 20 year lease until 27 October 2039
- Shop rent £18,000 per annum
- Flats at 30a and 30b sold off producing a ground rent of £100pa
- Potential to extend Flat 30A lease (65 years unexpired)
Freehold price £250,000 (subject to contract)
Tenancy
Freehold price £250,000 (subject to contract)
Description
Attractive retail and ground rent investment. The ground floor retail unit is let to Nash Cleaning Ltd, trading as Simply Dry Cleaners, and has been fitted out to a good standard, together with a utility area and WC. The shop has a net internal area of 668 sq.ft together with a rear utility room of 80 sq.ft. The property benefits from rear access and three parking spaces, one allocated to the shop and one to each of the flats.
Location
The premises occupy a well-established retail location in Tadworth, with a range of occupiers in the vicinity. Other occupiers close by include Day Lewis Pharmacy, Specialist Pools, Castaways Travel and Hartleys Off-licence.
Tadworth benefits from good road and rail links, accessible via the A217. Tadworth Station is approximately 0.1 mile to the North of the property, and Station Approach is well served by local bus services.
Terms
£250,000 for the freehold, subject to contract. The lease in respect of Flat 30A has only 65 years unexpired giving potential for a valuable lease extension.
EPC
This property has an EPC Ratings of A (22)
Viewing
For further information or to arrange a viewing please contact:
Joe Yorke Bsc Hons Tel: 01737 222835
Email: joe@raynerscommercial.com
Chris Richards MRICS Tel: 01737 222835
Email: chris@raynerscommercial.com
VAT
VAT is not applicable.