Walton Street, Walton on the Hill, Tadworth

£228,000 Under Offer

Property Description

  • Fully let retail investment and uppers
  • Comprises two shops on the ground floor
  • Two flats form the uppers both subject to long leasehold interests
  • For sale as a fully let investment

LOCATION

Situated in Walton Street the main street that runs through this picturesque village the premises occupy an established position within a Tudor fronted building two doors from the village newsagents and adjacent to other shop units with the benefit of on street parking.

Walton On The Hill is located 2 miles west of the A217 within 3 miles of Banstead, 5 miles of Reigate and 4 miles of Epsom. Tadworth Village with the BR station is approx 1.5 miles.

 

DESCRIPTION

The investment comprises a detached three storey building arranged as two retail units on the ground floor, both currently let, one as a hair salon and the other smaller unit as a beauty salon. Two self-contained flats (Flats 1 and 2 Tudor Court) form the upper parts both subject to leases granted to owner occupiers. 

Address

Tenant

Term

Current Rent

Next Review

Notes

53 Walton Street

Miss Freyja Box Hair Salon

5 years from 25.9.19

£13,500 pax

No review rent is fixed for the term.

Rent Deposit of £3,375 is retained

53a Walton Street

Miss Tahnee Lovegrove

5 years from 11.6.21

£7,500 pax

No review rent is fixed for the term.

Rent Deposit of £3,750 is retained. Tenant break provision 11.6.24

Flat 1

Tudor Court

Miss A.L.Winter

132 years from 25.12.80

Peppercorn

 

S/C levied currently £230 pa plus a nominal £1 pa for one car parking space

Flat 2

Tudor Court

Mr.N.P.Nevin

99 years from 25.12.80

£100 pa rising to £200pa in 2050

 

S/C levied currently £230 pa plus garden licence @ £100 pa plus a nominal £1 pa for one car parking space

GUIDE PRICE     

£228,000 for the freehold interest subject to the four leases.

 

RATES & COUNCIL TAXES

The two commercial Tenants are liable for the respective business rates and the flat occupiers are responsible for Council Tax obligations.

VAT

We understand that the premises is not elected for VAT. All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989.

LEGAL COSTS

Each party to be responsible for their own legal costs in the transaction.

 

EPC

The properties have EPC ratings :

 

Address

EPC

53 Walton Street

D (88)

53a Walton Street

D (93)

Flat 1 Tudor Court

E (54)

Flat 2 Tudor Court

TBA

:

 

VIEWING

Strictly by prior appointment only through sole agents:

 

   ROBINSONS

   01737 229200

                www.robinsonsmb.com

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