Retail investment opportunity for sale in Surbiton

This property is marketed by:
Houston Lawrence

Key features

• Area 4,412 sq. ft.
• Price £1,350,000
• Retail investment opportunity.
• Rental income £102,600 per annum.
• No 26 let to Cancer Research UK.
• No 27 let to Costa Ltd.
• 999 year leasehold.
• £1,350,000.

Location

Victoria Road leads from Surbiton Train Station to Ewell Road being the main retail pitch in the Town.

The property is close to the junction with St Andrews Road and within a few minutes walk to the train Station with car parking available in the car park situated opposite as well as the public car park in Maple Road.

There is an abundance of other national retailers in the area, such as Sainsbury's, McDonalds and Waitrose plus many more, the Town being a vibrant commercial and residential area with high footfall.

Description

The property comprises two ground floor retail units situated within a larger residential development currently undergoing construction to provide 8 high quality apartments. The units comprises ground and basement providing retail space currently occupied by Cancer Research UK and Costa Ltd.

No 26 : Let to Cancer Research UK at a rent of £ 52,000 pa on a lease for a term to expire 23rd September 2025 granted within the Landlord and Tenant Act.

No 27 : Let to Costa Ltd at a rent of £ 50,600 pa on a lease for a term to expire 3rd December 2025 granted within the Landlord and Tenant Act.