£1,080,000
Retail premises for sale
Property photos
Guide price
£1,080,000
(£1,080.00/sq. ft)
Retail premises for sale
Church Street, Esher KT101,000 sq. ft
Local area information
Property location
Nearby amenities
- Esher Church School 0.5 miles
- Esher Church of England High School 0.5 miles
- Esher 0.9 miles
- Claygate 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Esher to find out more about the local area.
Features and description
- Town centre location
- Freehold
Freehold Guide Price £1,080,000.
A freehold investment comprising a ground floor shop unit, which is let, and four flats. Two of the flats are sold on long leases and two are offered with vacant possession- Flat 1 comprises two bedrooms, kitchen/reception room and bathroom/toilet (advised area of approx' 630 sq ft) and Flat 2 comprises one bedroom, kitchen/reception room and bathroom/toilet (advised area of approx' 560 sq ft). Both vacant flats are first floor and Flat 1 has consent to create a roof terrace on the flat roof to the rear.
The flat leases are 125 years from 2015 and the current ground rents are £250 p.a. Per flat until 1st January 2040 and then doubling on each twenty fifth anniversary of the commencement of the term. There is a service charge of circa £1,100 p.a. Per flat to include the ground rent, insurance etc.
The shop is let at £25,000 p.a. On a 10 year lease from 25th September 2020 to Polished Nails & Cocktails. The September 2025 rent review is pending and our client has already completed a certain amount of work on this.
The shop is well presented with a gross internal floor of circa 900 sq ft including a fitted Kitchen and W.C. A door from the kitchen leads to a side passage.
VAT is not payable in respect of the sale.
EPCs commissioned.
Early viewings recommended- by appointment only. Please do not disturb the tenant.
A freehold investment comprising a ground floor shop unit, which is let, and four flats. Two of the flats are sold on long leases and two are offered with vacant possession- Flat 1 comprises two bedrooms, kitchen/reception room and bathroom/toilet (advised area of approx' 630 sq ft) and Flat 2 comprises one bedroom, kitchen/reception room and bathroom/toilet (advised area of approx' 560 sq ft). Both vacant flats are first floor and Flat 1 has consent to create a roof terrace on the flat roof to the rear.
The flat leases are 125 years from 2015 and the current ground rents are £250 p.a. Per flat until 1st January 2040 and then doubling on each twenty fifth anniversary of the commencement of the term. There is a service charge of circa £1,100 p.a. Per flat to include the ground rent, insurance etc.
The shop is let at £25,000 p.a. On a 10 year lease from 25th September 2020 to Polished Nails & Cocktails. The September 2025 rent review is pending and our client has already completed a certain amount of work on this.
The shop is well presented with a gross internal floor of circa 900 sq ft including a fitted Kitchen and W.C. A door from the kitchen leads to a side passage.
VAT is not payable in respect of the sale.
EPCs commissioned.
Early viewings recommended- by appointment only. Please do not disturb the tenant.
More information
Listed by
Franklin Commercial
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