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 is due to undergo a full fit out by Joe and the Juice to their recognisable specification. The right-hand side shop is occupied by Sharps bedrooms which are trading well and are in negotiations to renew their lease which is held within the Landlord & Tenant Act 1954. Further details available upon application.
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.
Sharps Bedrooms is a privately owned fitted bedroom and home office retailer and manufacturer founded in 1973. The company has 77 showrooms across the United Kingdom with its factory and head quarters in Bilston, West Midlands and currently employs 600 staff. The company currently generates revenues of over £XXXm.
Location
Situated on High Street, Cobham Surrey which is a highly desirable affluent area which is anchored by Waitrose. Other local occupiers include Café Nero, Sainsburys Local, The Ivy, Costa, Gails, Barclays Bank, Space NK, Majestic Wines and other known brands. Cobham is 17 miles south west of London and 10 miles north east of Guildford. It is also a short drive away from the M25 making travel into London easily accessible.
Accommodation
23 High Street - 1,194 sq ft (111 sq m)
27 High Street - 793 sq ft (73.6 sq m)
Terms
Tenancies:
23 High Street Let to Joe & The Juice UK Ltd for a term of 10 years commencing January 2023. at £XXX 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 Sharps Bedrooms with the lease expiring 23rd March 2023 at £XXX pa. New lease discussions are ongoing. The tenant is trading well and plans to renew.
Price - £XXX