DESCRIPTION
The property occupies a prime trading location in the main shopping street adjoining Boots andclose to Sainsbury, M&S Simply Food, Superdrug, Clarks, McDonalds and Costa Coffee and iswithin 200 metres of Surbiton main line railway station.
INVESTMENT / RESIDENTIAL OVERVIEW
Opportunity to acquire a mixed use investment in a prosperous and highly desirable Greater London suburb.
Surbiton is an affluent and popular commuter town situated in the Royal Borough of Kingston upon Thames.
A 3 storey building comprising two ground floor shops and basement with separate front access to a first floor office and 2nd floor residential flat.
Ground floor and basement retail unit let to Sachin Patel t/a Cannings on a 15 year FRI lease from 25th December 2016 with 5 yearly upward only rent reviews at £31,500 per annum.
Ground floor retail unit (21b) let to Ela Dove t/a O’Dela on a 10 year FRI lease from 4th July 2025 with one 5 year upward only rent review at £9,500 per annum.
A vacant self contained first floor office comprising approx. 650 sq ft being marketed at £12,500 per annum.
A second floor 3 room flat sold on a long leasehold for a term expiring on 28th September 2124 at a current rent of £200 per annum.
FREEHOLD.
Current rental income £41,200 per annum with potential to increase to £53,700per annum.
We are advised that the property is not elected for VAT.
EPC
21 Victoria Road - C (70)
21a Victoria Road - D (89)
21b Victoria Road - B (48)
PRICE
Offers in excess of £795,000
VAT
We are advised that the properties are not elected for VAT.
ACCOMMODATION
| Floor |
Size |
Price/Rent |
Rates Payable |
| 21 Victoria Road |
1,275 sq ft - 118 sq m |
|
|
| 21B Victoria Road |
810 sq ft - 75 sq m |
|
|
| Total |
2,085 sq ft
(194 sq m) |
|
|
LOCATION
Surbiton is located approximately 10 miles south west of London and 1.5 miles south of Kingston, providing a wide range of retail, leisure, restaurants and bars. It has excellent communication links into central London with Surbiton railway station offering a fast and regular rail service to London Waterloo in 16 minutes. There are excellent road links with the A3, one of the main arterial roads in south west London approximately 1.5 miles south of the subject property and A242 linking to the M25 (junction 9).