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Surbiton Plaza II, Victoria Road, Surbiton, KT6 4JP

1,235 sq ft (115 sq m)

Description

The property comprises a self-contained, ground floor unit of a modern mixed use development benefiting from a prominent double fronted unit with a return frontage. One allocated car parking space is provided in the basement car park beneath the development.  

  • Surbiton is an affluent Greater London commuter town situated in the Royal Borough of Kingston upon Thames. 
  • Prime trading location situated opposite a Sainsbury’s main store. 
  • Self contained ground floor premises comprising approx. 1,235 sq ft (114.75 sq m) with one parking space.  
  • Let to Princess Alice Hospice (Company No 1599796), a Registered Charity with some 28 retail units mainly located in Greater London and Surrey.  
  • An FR&I lease for a term of 15 years from 2nd February 2018 inside the Act, incorporating a tenant’s only break option at the end of the 10th year of the term, subject to no less than 6 months’ prior written notice. 
  • Rent £47,000 pa exclusive. 
  • 5 yearly upward only rent reviews to open market rent. 
  • 999 year long leasehold interest from 19th April 2018 with a peppercorn ground rent. 
  • The property is not elected for VAT.  
  • We are instructed to seek offers in excess of £875,000 (Eight Hundred and Seventy-Five Thousand Pounds) subject to contract reflecting a net initial yield in the region of 5% assuming purchaser’s costs of 5.75%.   

Viewing

Viewing strictly by prior appointment with the sole agent:

Bob Cattaneo

T: 020 8546 2166
E: Email Agent

Adam Soliman

T: 020 8546 2166
E: Email Agent

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