Retail premises for sale in High Street, Esher KT10

Freehold Investment for sale- Guide Price £900,000. Total current income £63,000 p.a.

The investment comprises a pair of adjacent shops with ancillary upper parts, plus a rear building occupied by a pilates studio and a car park for 4 cars.

Floor areas;

114-116- Ground floor 637 sq ft. First floor 351 sq ft.

118-120- Ground floor 663 sq ft. First floor 364 sq ft.

Pilates studio (r/o sq ft gia.

Leases;

114-116- 5 year term from 2/11/22 with mutual break option on 2/11/25 at 3 months notice. £25,000 p.a. Commencing rent with rent review 2/11/24.
Lease drafted inside the Landlord and Tenant Act 1954. Limited Co tenant with director's guarantees. £6,250 rent deposit lodged.

118-120- 10 year term from5/10/23 with mutual break option on 5/10/29 at 6 months notice. £26,000 p.a. Commencing rent with rent review 5/10/28.
Lease drafted outside the Landlord and Tenant Act 1954. Limited Co tenant. £13,000 rent deposit lodged.

Pilates studio- 5 year term from 8/1/18. £12,000 p.a. Rent. Let to private individuals with £800 rent deposit lodged.

VAT- We understand the property is not elected for VAT.

Please only view by appointment and do not disturb the tenants.