Freehold Restaurant Investment - Business unaffected.
A Period, Listed building arranged over two floors, with staff accommodation to first floor. There is a substantial car park also for customer parking.
The first floor accommodation is accessed from within the building and the ground floor restaurant is well laid out with various dining areas and spacious kitchens.
The tenant has been in occupation for circa 14 years and is a Limited Company. No Director's Guarantees are in place, but a Rent Deposit of £18,000 is lodged.
Let on a 20 year FRI lease from September 2012, the passing rent is £57,000 p.a. rising to £63,000 p.a. in September 2027 until the end of the term.
We understand the current tenant would sell/surrender their lease in consideration of a realistic premium for the goodwill/fixtures/fittings & equipment- please enquire through us.
Please view only by prior appointment and do not disturb the tenant.
Location
Prominent location at the junction of Guildford Road and Cobham Road. Leatherhead town centre is approximately half a mile away. A restaurant has been established on this site for many years.
Accommodation
Measurements (please note these are very approximate given the nature of the property):
Ground floor: 2,500 sq ft
First floor: 800 sq ft
Terms
Guide Price: £750,000
Rent: £57,000 Per annum
Rent details: £57,000 p.a. The rent increases to £63,000 from 18th September 2027 to the end of the term on 17th September 2032.
Tenure: Leasehold
Lease details: 20 years from 8th September 2012.
Rateable value: The VOA website states a current R.V. of £36,000.
Legal fees: Each party to bear their own
EPC: Band C.
VAT: Rents/Prices quoted are always exclusive of V.A.T. (if applicable).
Specification
- Character property
- Commercial investment
- Corner position
- Densely populated area
- Established dining destination
- Freehold
- Fully let investment
- Listed Building
- Prominent location
- Residential accommodation
- Viewings by appointment only
- Car park