Investment for sale Chertsey KT16 8AY,854sq ft

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Investment

Investment For Sale Chertsey

PROPERTY ID: 147007

PROPERTY TYPE

Investment

STATUS

Available

SIZE

854 sq.ft

Key Features

Prominent town centre position

Great condition freehold

Ground floor let at £14,500 per annum exclusive

3 flats above sold off on long leasehold with £750 p.a. ground rent

Property Details

7 Windsor Street Is A Prominent Mixed-use Property Within A Traditional Four-storey Brick Building Which Is Grade Ii Listed. We Understand That The Building Was Significantly Re-built In 1985 And Remains In Great Condition Throughout. The Unit Benefits From A Wide Glazed Shopfront Offering Excellent Visibility To Passing Trade.

The Ground Floor Is Let To Lodge Brothers Funeral Directors On A 10-year Efri Lease From 1st August 2020, With A 5th Year Break And A Passing Rent Of £14,500 Following The Recent Rent Review. Lodge Brothers Funeral Directors Is A Long-established, Family-owned Business With Origins Dating Back To 1780, And Have Been In Occupation For Over 20 Years.

The 1st, 2nd, And 3rd Floors Consist Of Three Flats Sold Of Long Leasehold, With £50 Rent Rises Every 25th Anniversary, On The Following Terms:
- 7a: 125-year Lease From 24th June 2015 Paying A Ground Rent Of £250 Per Annum
- 7b: 125-year Lease From 24th June 2015 Paying A Ground Rent Of £250 Per Annum
- 7c: 125-year Lease From 24th June 2016 Paying A Ground Rent Of £250 Per Annum

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About the Agent

Curchod & Co

See Agent's Other Properties

Investment Unit

£210,000 Freehold

7 Windsor Street, Chertsey, KT16 8AY

Investment - Available
854 sq ft
79 sqm

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