Freehold High Street investment opportunity.
The property comprises ground floor commercial space and part of the first floor to the rear, the first floor unit to the front is not part of sale and is under separate ownership. Currently occupied and trading as a Nail / Beauty parlour.
Location
Situated within a busy mixed use parade.
Road Networks:
Walton-on-Thames boasts excellent road connections, with its proximity to major routes enhancing its accessibility:
A308 and A309: Located nearby, providing convenient local access M3 Motorway: Easily accessible, facilitating longer-distance travel
A3: Links to the M25 orbital motorway and Central London
Rail Services:
The town's transportation options are further bolstered by its robust rail links:
Walton-on-Thames Station: Offers regular train services
Destination: London Waterloo
Journey Time: Approximately 25 minutes.
Accommodation
Ground Floor Commercial + 1st Floor Storage.
Terms
Lease - We understand the property to be let on the below terms (lease and supporting docs to follow)
- 15 yr FRI Lease inside L&T from 7th November 2023 with a passing rent of £28,000 per annum
- Break clause: 6th November 2028 - Rent review: November 2030
Planning - Use class E
Future development possible subject to planning to convert the rear into residential
Terms - Guide Price £350,000
Specification
- Investment Opportunity
- Fully Let & Income Producing
- High Street Location
- GF Commercial + 1st Floor Storage
- Major Retailers Nearby
- Future Conversion Potential STP