Restaurant/cafe for sale in Church Road, Leatherhead KT23

Fixed price £400,000 (£267.02/sq. ft)
Restaurant/cafe for sale 1,498 sq. ft*

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17/19 Church Road, Leatherhead, Great Bookham, Surrey Kt23 3Pg

Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • 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

Property description

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).

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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