Investment For Sale, Addlestone

The Property Comprises A Freehold Mixed-use Investment Arranged As A Ground Floor Retail Unit With A Newly Refurbished Two-bedroom Flat Above. It Occupies A Prominent Corner Position In Addlestone Town Centre, With Nearby Occupiers Including Tesco, Domino’s And Wimpy.

The Ground Floor Is Let As A Café And Children’s Play Centre On A 20-year Lease From May 2024 At £17,500 Per Annum. The Lease Provides For Five-yearly Upward-only Rent Reviews To The Higher Of Open Market Rent Or Rpi, With Tenant And Landlord Break Options In Years 10 And 15. The Lease Is Contracted Outside The Landlord And Tenant Act 1954.

The First Floor Flat Is Self-contained, Newly Refurbished And Unused. It Will Be Sold With Vacant Possession And Has An Estimated Rental Value Of £19,500 Per Annum. The Flat May Appeal To Owner Occupiers, Buy-to-let Investors Or Hmo Investors, Subject To The Necessary Consents And Licences. There Is Additional Loft Space.