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Situated within a well occupied and popular shopping parade served by bay parking just north of the High Street and the local authority car park within two minutes’ walk the unit is set in the village which boast good occupancy levels with numerous independent traders and businesses.
Great Bookham lies just north of the A246 which connects Leatherhead and the A24 in the east to Guildford in the west. The villages is approximately 2.5 miles from Leatherhead which offers a rail service to London Waterloo and Junction 9 of the M25 providing access to the national motorway network.
TheFREEHOLD INVESTMENT UNDER TITLE NO SY588564comprises one ‘E’ class unit within a terrace of similar two storey brick built premises under a tiled roof and flat roofs to the rear together with street bay parking serving the whole parade. Currently the ground floor is arranged as an electrical appliance showroom with ancillary kitchen and WC who will remain in occupation under their current lease until 30.4.24 when due to the owners retirement they will vacate. On this basis our Client is selling most likely to a new owner occupier who will collect rent for the remainder of the term and then occupy or relet. We are of the opinion that the ERV is in the region of £18,000 pax.
Front retail area
859 sq ft
( 17.78 m)
Total Retail Area approximately 850 sq ft ( 79.81m2)
Sale of the freehold interest under Title No SY588564 subject to the following lease:
The Shop:The shop is currently subject to a lease granted to RSM Domestic Appliances Ltd (Reg No 03645214) for a term of 5 years from 1.5.18 at a passing rent of £15,000 pax. A one year extension outside the security provisions of the LTA 1954 has been agreed until 30.4.24following which vacant possession will be offered.
The flat:The self-contained flat is held under a long lease of 999 years granted from 30.6.05.
Offers in the region of £300,000 (three hundred thousand pounds) for the freehold interest, subject to contract.
Valuation Office Agency lists the retail unit as having a rateable value of £10,500.
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.
Each party to be responsible for their own legal costs in the transaction.
The premises have a valid rating of C (55 ) valid until 8.3.33.
Strictly by prior appointment only through sole agents: