Walton Road, East Molesey Guide Price £250,000
- RETAIL INVESTMENT OPPORTUNITY
- PASSING RENT £17,500 PER ANNUM
- LONG UNEXPIRED LEASE TERM OF CIRCA 10 YEARS
- PROMINENT HIGH STREET LOCATION
- RECENTLY REFURBISHED
- TOTAL: 1,060 SQ FT (100 SQ M) APPROX.
- 7% GROSS INITIAL YIELD
This retail investment opportunity is situated on a prime high street position close to a number of national multiples including Tesco’s and Subway. The ground floor retail premises are let to a private individual on a 10 year lease from 9th September 2015 at a passing rent of £17,500 per annum and are currently trading as a carpet store. Internally, the property is arranged over ground floor to have large open plan sales area to the front, with ancillary stores, offices, kitchenette and W/C to the rear and is in a recently refurnished condition throughout. A three month rent deposit (£4,375) is held as security and there is an upward only rent review at the expiry of the 5th year of the term. This opportunity is available by way of a new 999 yearlong leasehold interest at an asking price of £250,000, which reflects a 7% Gross Initial return.
East Molesey KT8 0DL
Sale Type: Sold STC