** Mid‐Terraced Mixed Use Investment with Development Potential (STPP) **
An excellent opportunity to acquire a mid‐terraced, mixed use property in a prominent location, ideal for investors and developers alike. The ground floor comprises a fully‐operational retail unit currently trading as a nail bar, benefiting from high street visibility, there is also a separate yard to the rear.
Above, the first and second floors house a well‐proportioned three‐bedroom, self‐contained flat. Accessed via a private entrance from the front of the building, the flat provides generous accommodation with 4 spacious rooms, kitchen / diner, family bathroom and garden area offering excellent rental potential or future reconfiguration options.
With strong fundamentals, attractive frontage, and significant scope for value‐add through development or reconfiguration (subject to planning consent), this property is an excellent proposition for purchasers seeking secure income with future upside.
Location
20 The Broadway enjoys a prominent position in the heart of Stoneleigh, an established and well connected Surrey suburb. Stoneleigh Broadway itself is a vibrant local parade, renowned for its range of independent shops, eateries, cafés, and everyday amenities, providing an attractive environment for residents and business occupiers alike.
Accommodation
1,617 sq ft
Terms
Offers in excess of £500,000 are invited. Subject to planning offers will not be considered.
Tenancies
Rear yard:
6 month agreement from 23rd June 2025 @ £350 pcm
Ground floor shop:
Lease 5 years, from 1st July 2024, Inside L&T, Rent review July 2027, Passing rent £14,250 per annum.
Flat:
Vacant possession provided on completion. estimated rental value £21,000 per annum
Costs
VAT: We understand the property is not elected for VAT
Legal fees: Each party is responsible for their own legal expenses.