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117 Walton Rd 945 sq ft 100% Let Retail Property East Molesey KT8 0DT £350,000 (£370.37/sq ft) 5.29% Net Initial Yield
Investment Highlights
- 2 car parking spaces
- WC and kitchenette at the rear of the premice
- Situated on a prominent corner
Executive Summary
The property is let to Thomas H Collinson Limited (Opticians) on a full repairing and insuring lease to expire 28th September 2029 on the basis of stepped rent:-
29th September 2024 – 28th September 2026 - £18,500 pa exclusive.
29th September 2026 – 28th September 2027 - £19,500 pa exclusive.
29th September 2027 – 28th September 2029 - £21,000 pa exclusive.
We have been instructed to seek offers in excess £350,000 (Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
29th September 2024 – 28th September 2026 - £18,500 pa exclusive.
29th September 2026 – 28th September 2027 - £19,500 pa exclusive.
29th September 2027 – 28th September 2029 - £21,000 pa exclusive.
We have been instructed to seek offers in excess £350,000 (Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Pharmacy
Property Size
945 sq ft
Costar Property Class
C
Year Built
1880
Price
£350,000
Price per sq ft
£370.37
Yield
5.29%
NOI
£18,500
Occupancy Rate
100%
Number of Floors
2
Amenities
- Corner Lot
- Courtyard
1 1
Nearby Major Retailers
1 of 3
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117 Walton Rd
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