69-71 High Street, Chobham, Surrey, GU24 8AF

69-71 High Street, Chobham, Surrey, GU24 8AF

  • Investment
  • o
  • 922 Sq ft
  • o
  • For Sale
  • o
  • £335,000

Key Points

Freehold Retail Investment For Sale 

  • Well-Let Freehold Retail Investment 
  • Commercial Floor Area of 85.6 sq. m. / 922 sq. ft.  
  • First Floor Sold Off on Long Leasehold (999 yr term)
  • Producing Rental Income of £20,000 p.a.

Location

This property is located right in the heart of Chobham’s attractive High Street, directly opposite to St. Lawrence Church. Chobham is an affluent Surrey Village, within the district of Surrey Heath. There are strong road links from Chobham, onto the M3 at Lightwater and the M25 at New Haw.

Description

69-71 High Street an attractive Grade– II listed period property. It is a two-storey end-of-terrace building with rear car park. The building has a pitched and tiled roof, white rendered walls and timber framed windows and doors.

Internally the property comprises two ground floor shops (both leased) and a flat on the first floor (which has been sold off). No. 69 is a larger shop, currently occupied by a Florist which has rear access. No. 71 is a smaller bridal shop and both shops have charming character features and beamed ceilings. To the rear is a private car park for 5 cars, with a space demised to each commercial tenant and one each to two residential occupiers, with one space remaining.

Accommodation

The useable floor area is approximately:

No. 69
Retail Area 20.7 sq. m. 223 sq. ft.
Ancillary 1.93 sq. m. 21 sq. ft.
Total 22.63 sq. m. 244 sq. ft.
No. 71
Retail Area 32 sq. m. 345 sq. ft.
Ancillary 30.97 sq. m. 333 sq. ft.
Total 62.97 sq. m. 678 sq. ft.

First Floor Flat

Not measured.

Tenure

Both 69 & 71 are leased on a 10 year lease terms with rent reviews and mutual options to break on the 5th Anniversary of commencement.

No. 69 is lease to Chobham Bride Ltd. under a renewal lease dated 22nd January 2020 and pays £7,000 p.a. rent.

No. 71 is leased to Chobham Flowers Ltd. from 1st November 2019, paying £13,000 p.a. Both tenants are to contribute a fixed service charge amount of £500 p.a. plus utilities and rates.

Price

£335,000

Rateable Values

No. 69 - £8,300

No. 71 - £6,000 

Both payable by Tenants.

Legal Costs

Both parties to bear their own legal costs incurred in the transaction.

EPC

Ratings

No. 69: E –116 & No. 71: D– 91 

Viewing

By Appointment with the Sole Agents

 

George  Musgrave

George Musgrave
BA (Hons) MSc
07841 372888

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