The premises are on a site with a frontage to the east side of Hook Road of approximately 18.94m or 62ft. The site has an area of approximately 0.305 acres or 0.123 ha.
The building at the front of the site comprises a retail unit on the ground floor, let to KS and Co Accountants, where part has been sublet to a dry cleaner/tailor. The two floors of offices above are let to Network Kingston Ltd as a serviced office centre. The building at the rear comprises an industrial unit occupied by Halfords Auto Centres Ltd.
Between the two buildings is an open area of land which provides access to the offices on the first and second floors of the front building, and to the rear industrial building plus a total of 19 car parking spaces.
( Agency Pilot Software ref: 34359 )
Location
The premises are located in a prominent position on the A243 Hook Road close to the Ace of Spades roundabout junction of the A3 Kingston bypass with Hook Road. The A243 Hook Road is a busy traffic route from Kingston upon Thames and Surbiton to Leatherhead and Junction 9 of the M25.
Accommodation
8,238 SQ FT (765.31 SQ M)
Terms
PRICE £1,850,000 for the freehold interest subject to the leases as described on the schedule below. After adding purchasers costs of 6.7% this shows a net initial yield on the current rents of 6.27%.
LEASES See schedule.
RATES Rateable value of the offices and premises- £13,500 (2023). Rateable value of the shop and premises - £5,800 (2023). Rateable value of the workshop and premises- £38,250 (2023).
VAT VAT will be chargeable on the terms quoted.
LEGAL COSTS Each party is to be responsible for their own legal fees. EPC Ground Floor Shop/Office – B-45. First and Second Floor Offices – D-99. Rear Industrial Unit – E-116.
Specification
• Majority of rental income from Halfords Autocentres Ltd
• Busy main road location between Kingston upon Thames and Leatherhead/Jct9 M25
• Total rental income £126,260.07 per annum