Petrol Stations for sale in the Tolworth, Surbiton

Commercial Property in Tolworth available for sale

Retail Properties for Sale Near the Tolworth, Surbiton

116-138 Tolworth Broa

Surbiton, KT6 7HT

Retail for Sale
£720,000
1,485 sq ft
1 Unit Available

Air Conditioning
Security System
Smoke Detector

Surbiton Retail for Sale

Investment Consideration: - Purchase Price: £750,000 - Gross Initial Yield: 7.01% - Rental Income: £50,500 p.a. - VAT is NOT applicable to this property - Retail shop let until 2039. No breaks. Rent review every 5 years linked to RPI. - Comprises ground floor shop and 3-bedroom maisonette at first and second floor - Property benefits from vehicular access at rear and 2 car parking spaces -Situated within short walk to Tolworth train station and opposite M&S Foodhall, with nearby occupiers including Domino`s Pizza and Poundland, amongst others. Tenancy: The ground floor shop is at present let to an Individual (with guarantor) for a term of 15 years from 11th October 2024 at a current rent of £17,500 per annum and the lease contains full repairing and insuring covenants. Rent review every fifth year open market upward only. No break clause. Deposit held of £8,750 (6 months). The first and second floor maisonette is let to Omnia Housing Ltd on a Guaranteed Rent Agreement for a term of 5 Years from 9 August 2021 at current rent of £33,000 per annum. Deposit held of £2,750.