Investment For Sale

Retail - Cobham Surrey

LOCATION
Cobham is an affluent Surrey town some 20 miles from London.
The property is in a busy parade of shops on Portsmouth Road (A307 just before the junction with Between Street, A245)

DESCRIPTION
The property is set back from Portsmouth Road, with a slip road running along the front of the properties providing customer parking and deliveries.
There is also rear access.

The property itself comprises of a retail unit of 537 Sq Ft (49.88 Sq M) at ground floor and a 3 bedroom maisonette above that has been sold off on a long lease.

TERMS
We are inviting offers in the region of £265,000 for the freehold interest.

TENANCY SCHEDULE
The ground floor retail unit is let to Cobham Launderette on a 20 year lease, expiring in August 2037 at an annual rent of £14,000 with Rent Reviews in 2027 and 2032.

The upper floor which is a 3 bedroom maisonette, has been sold on a lease for a term of 999 years, expiring in February 2995.
There is no rental income from the flat.

VIEWINGS
Strictly via the sole selling agent Cooking Rudling Ltd on 0121 212 1701
Email: mail@cookerudling.com

CODE OF PRACTICE
Cooke Rudling Ltd support the aims and objectives of the Code of Practice on Commercial Leases in England and Wales.
We strongly recommend that you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a Business Tenancy agreement.

The Code is available through professional institutions and trade associations or at the website www.commericalleasecode.co.uk