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The Edward Rayne Public House, 8-12 Coombe Lane, New Malden, SW20 8ND

8,396 sq ft (780 sq m)

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Description

A four storey building and basement constructed in 2005/6 comprising the ground floor, part first floor and basement occupied as a Public House, bar and restaurant whilst the remainder of the first, second and third floors provide 12 residential flats which have all been sold on long leaseholds.  

TENANCY

The ground floor, basement and part first floor is let to JD Wetherspoon PLC who hold effectively a full repairing and insuring lease for a term of 35 years from the 27th March 2006, subject to five yearly upward only rent reviews. The March 2011 rent review has not been activate.   There is a tenant’s option to determine the lease on the 26th March 2021, subject to 6 months prior written notice. The lease is granted inside the provisions of the Landlord and Tenant Act with a passing rent of £75,000 per annum.   The residential upper floor flats are subject to 125 year lease terms from March 2006 at a current total ground rent income of £1,800 per annum which doubles every 25 years.    

Accommodation

Floor Size
Whole 8,396 sq ft (780 sq m)
Total 8,396 sq ft (780 sq m)

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