20-22 High St | Leatherhead KT22 8AN
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20-22 High St
Leatherhead KT22 8AN
Retail Property For Sale
Investment Highlights
- Situated In Affluent Commuter Town
- Fully Let Property
- Close Proximity To M25
Executive Summary
The property comprises a mid-terrace building of traditional brick construction. The ground floor comprises retail space, with the first and
second floors comprising retail accommodation which has been sold off on long leases.
The property provides the following approximate net internal floor areas (NIA):
Ground Floor: 1,116 sq ft 103.64 sq m
ITZA : 786 units
Total: 1,116 sq ft 103.64 sq m
The ground floor is let to William Hill Organisation Limited expiring 10th October 2029 at a current rental of £36,000 per annum. The lease is subject to an upward only rent review to open market value on the 5th anniversary of the term.
The upper floors comprise two residential flats which have each been sold off on 125yr leases from 2005 at a rent of £250 per annum.
The total annual income is £36,500 per annum.
EPC - B - 35
second floors comprising retail accommodation which has been sold off on long leases.
The property provides the following approximate net internal floor areas (NIA):
Ground Floor: 1,116 sq ft 103.64 sq m
ITZA : 786 units
Total: 1,116 sq ft 103.64 sq m
The ground floor is let to William Hill Organisation Limited expiring 10th October 2029 at a current rental of £36,000 per annum. The lease is subject to an upward only rent review to open market value on the 5th anniversary of the term.
The upper floors comprise two residential flats which have each been sold off on 125yr leases from 2005 at a rent of £250 per annum.
The total annual income is £36,500 per annum.
EPC - B - 35
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,116 SF
Building Class
C
Year Built
1900
Price
£465,000
Price Per SF
£417
Net Initial Yield
7.50%
NOI
£34,875
Tenancy
Single
Number of Floors
2
Building FAR
0.77
Lot Size
0.03 AC
Parking
1 Space (0.9 Spaces per 1,000 SF Leased)
Frontage
25 ft on High Street
Amenities
- 24 Hour Access
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