This attractive mixed-use freehold investment is fully let and situated in the sought-after residential area of Bookham.
Currently leased to a dog grooming business on a 10-year lease commencing October 2020, the commercial unit generates a rental income of £8,000 per annum. The lease includes rent reviews at the 3rd, 6th, and 9th anniversaries and is drafted inside the Landlord and Tenant Act 1954. The property benefits from convenient off-street parking at the front, available for shop customers. Please be advised that Franklin Commercial have not reviewed the lease.
The first-floor flat is let separately under an Assured Shorthold Tenancy (AST) at £850 per calendar month. It features a private entrance, offering added privacy and appeal to tenants. The flat features a double bedroom, a spacious front-facing living room, a separate kitchen, and a bathroom.
We are advised that a previous planning application was submitted for the construction of an additional flat to the rear of the premises. Although the application has since lapsed, it may present future development potential subject to renewing the planning permission.
Shop EPC Band - C
Flat EPC Band - D
Please view by appointment only and do not disturb the tenants.
Location
Bookham offers a wide range of family housing within a thriving community, drawn by excellent schools, leisure amenities, and the appeal of semi-rural living—while still enjoying convenient access to London for commuters. The property is situated on a residential street within a short distance of the local High Street.
Accommodation
The shop measures approximately 507 sq ft
The flat measures approximately 495 sq ft
Terms
Tenure: Freehold
Price/premium: £425,000
Legal fees: Each party to bear their own
Rateable value: The VOA website states a rateable value for the shop of £8,000.
Lease details: Flat let on AST agreement. Shop let on 10 year lease from 1st October 2020 (lease not inspected by Franklin Commercial).
Specification
- Early viewing recommended
- Demised parking
- Fully let investment
- Mixed use
- Residential accommodation
- Viewings by appointment only