Anyards Road COBHAM
Elm Grove WIMBLEDON
High St ESHER (see end of page)
Please also see Development
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Town Centre Investment FREEHOLD FOR SALE Under Offer
Prime located detached building, let on single FR&I lease to a private covenant with 4 units
For Sale at 7.8% yield
LOCATION:
Reproduced under licence from Ordnance Survey digital map data Ó Crown Copyright 2005 &
Streetmap.co.uk Ó Copyright 2001. All rights reserved.Located in the heart of Cobham town centre, Anyards Road joins the High Street to form the main central shopping area.
The property is within a popular frontage that includes Toni & Guy and Pizza Express, with Space NK, Bang & Olufsen and Café Uno opposite.
There is free short-term parking in the road to front with ample free parking throughout the town.
14 Anyards Road · Cobham · Surrey · KT11 2JZ
DESCRIPTION: A retail investment comprising a detached freehold close to the centre of Cobham High Street.
Property is let on a single FR&I lease to Superchef (UK) Limited, t/a ‘Café Miramar’. Four suites to ground floor rear and first floor are let on landlord approved sub-lettings. A flat to first and second floor is occupied by the headleasee.
‘Café Miramar’ trades as a café restaurant under a mixed A3 / A1 consent.
There is detailed planning permission for construction of a single storey rear extension that would enlarge the retail area.
Demise includes a large pavement area to front and a rear yard currently providing parking for 3-4 cars.
ACCOMODATION: Frontage 24.6 ft / 7.5 m
Area (approx.) SHOP 616 sq. ft / 57.27 sq.m
Approx. GROSS INTERNAL 2634 sq. ft / 245 sq.m
AMENITIES:
· Prominent position
· Highly sort-after Surrey town
· Private covenant with 3 other units
· Detailed planning consent for rear extension
· New 5-year lease excluded from Landlord & Tenant Act
LEASE: Rent of £78,000 p.a.
5-year lease expiring May 2009. The lease is excluded the 1954 Landlord & Tenant Act which provides statutory grounds for renewal.
Lease is full repairing & insuring (FR&I) except structure of main walls and roof which is responsibility of landlord.
PRICE: Under Offer £1,000,000 to reflect a yield of 7.8%
BUSINESS RATES: We have been verbally informed that the premises have the following business rate assessment:
2005 Rateable Values £6000 and £16,750 (14 & 14a)
Uniform Business Rate £0.422 (as of 01.04.05)
Total rates payable £9600 p.a. approx
LEGAL COSTS: Each party to bear their own legal costs in the proposed transaction.
VIEWING Strictly by appointment with the sole sales agents.
Anthony J Lewis & Co.
01932 700063
anthonyjlewis.com
Contact: John Lewis
john.lewis@anthonyjlewis.com
SUBJECT TO CONTRACT Prices & rentals are subject to VAT where applicable
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Industrial Investment FREEHOLD FOR SALE
Units A - C · Elm Grove Industrial Estate · Worple Road · Wimbledon · SW19 4HE
A well-located industrial / warehouse investment comprising three units let under two leases
A £24,500 p.a. income proving a 7.2% initial yield with potential for rental uplift on lease renewals commencing in 20 months time.
LOCATION: Elm Grove Industrial Estate is conveniently located off Worple Road (B235) in Wimbledon. A thriving small industrial and business estate comprising a number of businesses encompassing distribution, offices and workshops.
Worple Road is a main arterial road to Wimbledon, with all its associated facilities and excellent public transport links.
The A3 is just over one mile distant, providing swift access to central London and the national motorway network.
DESCRIPTION: Three adjacent warehouse / industrial units within the Elm Grove Industrial Estate, off Worple Road in Wimbledon.
ACCOMODATION: The premises provide the following approximate gross internal floor areas:
Unit A 51.76 sq. m / 557 sq. ft. £9500 p.a.
plus rear yard with outbuilding 15.232 sq.m / 164 sq.ft
Unit B to be advised £15,000 p.a.
Unit C 77.57 sq. m / 835 sq. ft. with Unit A
TOTAL for all 144.56 sq.m 1556 sq.ft £24,500 p.a
LEASEES: Units A & C 5 years from 5th December 2004
Let to Aslan Kufta Esq. for motor repairs.
Mutual 6-month rolling break clause. FR&I terms subject to limitation on repairs so not required to improve condition of property better than existing.
Unit B 2 years from 1st October 2004
Let to Cox & Buckles Workshop Limited for motor repairs
FR&I terms
Copies of leases are available on request subject to commercial confidentiality
TERMS: Total rent £24,500 p.a.
The premises are available subject to the current leases which are excluded from the provisions of the 1954 Landlord & Tenant Act.
PRICE: £340,000 for the freehold interest.
BUSINESS RATES: The property is under The London Borough of Merton.
Rateable Value to be advised. Tenants are responsible for paying rates.
LEGAL COSTS: Each party to bear their own legal costs in the proposed transaction.
VIEWING: Strictly by appointment with the sole sales agents.
Click Here for Location
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Freehold for sale, either vacant possession or as investment with benefit of existing lettings
Shop with offices above.
Planning consent for extension to shops and offices.
For further details please contact John Lewis on 01932 700063 or Email
Click Here for Location
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