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Commercial property for sale

£825,000 (£353.17/sq. ft) Offers over

High Street, Weybridge KT13

Commercial property for sale 2,336 sq. ft*
Interested in this property? Call +44 1932 964708 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

  • Ground floor retail with self contained 3 bedroom maisonette.
  • Retail let to Lark London passing £30,000 per annum with reversionary potential
  • Residential let on AST producing £18,900 per annum
  • Excellent prime location on Weybridge High Street with high footfall
  • Description

    The property comprises a ground floor e-class premises let to Lark London on a 10-year lease, expiring in June 2031, with a break clause and rent review in June 2026. The lease is contracted outside the Landlord and Tenant Act, and the passing rent is £30,000 per annum. The retail benefits from the use of two parking spaces at the rear of the property.

    Lark London are a family run lifestyle and home retailer and have been expanding over the last twenty years. They currently operate in nineteen locations, with stores across West London and the Home Counties.

    The upper parts consist of a self-contained three-bedroom maisonette split over two floors, featuring a kitchen, living room, and two bathrooms, measuring approximately 1,531 square feet. The maisonette also benefits from the use of two parking spaces at the rear. The maisonette is currently generating £18,900 per annum, let on an AST. The maisonette falls within Council Tax Band 'D', with council tax payable £2,332.80 per annum.

    Location

    The property is located in a prominent position on Weybridge High Street, the towns main retail thoroughfare. Local occupiers include Cafe Nero, Waitrose, Gails, Pret, Boots and Holland & Barrett.

    Junction 11 of the M25 motorway is approximately 3 miles away providing good access to both Heathrow and Gatwick Airports and the motorway network. Weybridge mainline station provides access to London Waterloo with a journey time of approximately 30 minutes.

    Terms

    Sale of the freehold, with offers in excess of £825,000.

    Anti Money Laundering

    To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers and tenants where legislation requires us to do so.

    Legal Costs/VAT

    Each party to be responsible for the payment of their own legal costs incurred in the sale. The property is not elected for VAT therefore VAT will not be charged.

    Property info

    * Sizes listed are approximations. Please contact the agent to verify actual sizes.

    Arrange Viewing

    For more information about this property, please contact
    Curchod & Co, KT13 on +44 1932 964708 * (local rate)

    Contact Curchod & Co about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Curchod & Co, and do not constitute property particulars. Please contact Curchod & Co for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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