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Bridge Street, Walton-On-Thames, Surrey, KT12

Guide Price
£485,000

£408.94 per sq ft

Business rates & charges may apply

Franklin Commercial, Surrey
SIZE AVAILABLE

1,186 sq ft

110 sq m

SECTOR

Retail property shopping centre for sale

USE CLASSUse class orders: Class E

E

Key features

  • Fully let investment
  • Excellent trading location
  • Close to many multiples
  • Public car park nearby
  • Densely populated area

Description

Freehold guide price £485,000 + VAT- Business unaffected.


The premises are let to an Italian restaurant that has been in occupation for some years.
The property is generally well presented with dining areas on both ground and first floors. There is an outside covered seating area providing the restaurant with additional covers and an area of rear yard- due to a title irregularity our client has applied to the Land Registry for adverse possession on these external areas. The kitchen is located on the ground floor, along with a preparation area and store, whilst male and female toilets are on the first floor.

Total (internal) area of approximately 1,186 sq ft.

The property is let on a 15 year FRI lease, drafted outside the Landlord & Tenant Act 1954 and commencing 17th January 2015. The current rent is £26,000 + VAT p.a. There is a Rent Review on 16th January 2025- no notices have been served by our client yet. The tenant id Da Vito Restaurant Limited and there is a Director's Guarantee.

Bridge Street is a very popular dining location, being close to the High Street and the River Thames.

The property falls within EPC band C.

Bridge Street, Walton-On-Thames, Surrey, KT12

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Walton-on-Thames Station1.0 miles
  • Shepperton Station1.3 miles
  • Hersham Station1.5 miles

About Franklin Commercial, Surrey

Surrey

Franklin Commercial are one of the few Commercial Estate Agents in London & the South East successfully handling the letting and sale of both commercial property and businesses over a wide area. We are focused entirely on offering the best possible service for the letting or sale of your commercial property or business and are members of The National Association of Estate Agents and The Property Consultants Society.

Notes

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