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Freehold Restaurant and Residential Investment
Comprises restaurant and self-contained 2 bed maisonette
Restaurant let until 2027
Maisonette let on an AST
Situated within an established local parade. Affluent Surrey village
Occupiers close by include Co-op Food, Boots Pharmacy and debra, amongst others
Investment Consideration: Purchase Price: £400,000 Gross Initial Yield: 5.93% Rental Income: £23,700 p.a. VAT is not applicable to this property Comprises restaurant and self-contained 2 bed maisonette Restaurant let until 2027. Tenant break option 25.06.2022 Situated within an established local parade. Affluent Surrey village Maisonette let on an AST 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 A3 commercial unit trading as a restaurant and a self-contained 2-bedroom maisonette on the first and second floors. The residential flat has 3 rooms, kitchen and bathroom.
Tenancy: The shop is at present let to V. Nowkandi and trades as a restaurant for a term of 15 years from 26th June 2012 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews every fifth year, and the next review is in 2022. The first/second floor maisonette is at present let on an AST to an individual for a term of 12 months from 31st October 2020 at a current rent of £11,700 per annum. Deposit held of £1,125.
Location: The property is situated within an established local parade on the west side of Church Road in the heart of the village. The affluent village of Great Bookham is located 2.25 miles south-west of Leatherhead and 9.5 miles north-east of Guildford. The M25 (J9) is 3 miles to the north east and accessed via the A246 (Leatherhead Road). Bookham Rail Station provides frequent services to London Waterloo (52 mins) and Guildford (21 mins).
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
Contact Blue Alpine Partners about this property
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