Land for sale in Postboys Row, Between Streets, Cobham KT11

High Street, Cobham Kt11 3Dh

Two ground floor lock-up shops benefitting from one car parking space each located in the rear secure gated car-park. The left-hand side premises has undergone a full fit out by Joe and the Juice to their recognisable specification. The right-hand side shop will be occupied by Barnes Pantry which have been trading for over 35 years.

Tenants Profiles

Joe and the Juice is a Danish juice bar and coffee shop chain which currently has in excess of 300 stores worldwide and revenues in excess of $170m with plans to continue their expansion.

Barnes Pantry

Barnes Pantry is more than a convenience store stocking a mixture of essentials and household names as well as offering a range of high quality and specialist products. A family owned business operating for over 35 years that cares deeply about the local community.

Areas:

23 High Street 1194 sq ft (111 sq m)

27 High Street 793 sq ft (73.6 sq m)

Tenancies:

23 High Street

Let to Joe & The Juice UK Ltd for a term of 10 years commencing January 2023. At £75,000 pa exclusive. The lease is subject to an upward only rent review at the end of the 5th year. There is a tenant break option at the end of the 5th year upon providing 6 months notice and subject to payment of main rent only. The Lease is held within the Landlord & Tenant Act 1954. The tenant will receive a 6 month rent free period, to be taken as 3 months rent free from completion followed by 6 months at half rent. The rent will be paid monthly in advance.

27 High Street

Let to Easn Ltd t/as Barnes Pantry on a 10 year full repairing and insuring lease at £50,000 pa with an upward only rent review and a tenant only break in the 5th year.

Available on a new 999 year lease at a peppercorn ground rent. Price £2,000,000 (Two million pounds)