Land for sale in Postboys Row, Between Streets, Cobham KT11
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Property description
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)
For more information about this property, please contact
Claridges Commercial, W1S on +44 20 3641 2105 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Claridges Commercial, and do not constitute property particulars. Please contact Claridges Commercial 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.