Property Description
An attractive freehold retail investment prominently positioned within a busy parade on Station Road, Addlestone. The property is let to Savers on a 5-year full repairing and insuring lease from November 2022. Situated within an established retail pitch benefiting from strong footfall and nearby national occupiers, the property presents a well-located retail investment opportunity. * EPC Rating C.
Specification and floor areas
- Net Internal Floor Area
| Measurement | imperial | metric |
|---|---|---|
| Ground Floor | 2,250 sq.ft | 209 sq.m |
| Total Floor Area | 2,250 sq.ft | 209 sq.m |
Financials
For sale and to let: (subject to contract)
- Rent on application
- Price £450,000 equating to £200 psf
- The property is held freehold and let to Savers under a 5-year FRI lease that commenced November 2022. The current passing rent is £31,350pa. The freehold title benefits from a the long leasehold of 98a which currently has 60 years until expiry paying a ground rent of £100pa.
- Rateable Value: £25,250.00
- Estimated Rates Payable (2026/7): £9,645.50
- (Calculated using the Small Business RHL Multiplier (38.2p). )
Agent's Disclaimer
These particulars do not constitute, or form any part of, any offer or contract, and whilst
all the information given is believed to be correct, all interested parties must satisfy
themselves of its accuracy. All prices and rents are quoted exclusive of VAT, unless
otherwise stated.
