203 Kingston Road, Leatherhead, Surrey KT22 7BP
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Tuesday 25 November
- Freehold Betting Office and Residential Ground Rent Investment
- Well located in the popular commuter market town
- Shop let on a recently renewed lease to Coral expiring 2029(1)
- VAT is applicable
- Total Current Rents £10,200 p.a. (Reflecting 11.11% GIY)
Description
StrapLine
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteFreehold Betting Office and Residential Ground Rent Investment located in the popular commuter market town of Leatherhead. Current Rents £10,000 p.a.
Description
The property comprises a ground floor shop with a self-contained maisonette above.
The maisonette has been sold off on a long lease.
Location
Leatherhead is an historic market town nestled in the heart of Surrey’s Mole Valley district, approximately 17 miles south of Central London. Popular with commuters and known as the “Gateway to the Surrey Hills,” it sits where the chalk hills of the North Downs meet the Thames lowlands, offering a picturesque blend of countryside charm and urban convenience.
The property is located on Kingston Road, a prominent commercial throughfare in Leatherhead connecting it's town centre with surrounding villages such as Pachesham Park.
Nearby occupiers include a number of local occupiers.
Transport
Rail - Leatherhead Railway Station provides regular direct services to London Waterloo, London Victoria, Guildford, Dorking and Epsom.
Road - Leatherhead is strategically positioned near the M25 motorway and the A243.
Tenancy
Let to Coral Racing Limited on a full repairing and insuring (FR&I) lease for a term of 5 years from March 2025 at £10,000 per annum.
(1)The lease provides for an annual tenant break option subject to six months written notice.
The maisonette above is let on a lease for a term of 125 years from October 1991 (thus having c. 91 years unexpired) at a current ground rent of £200 p.a. The ground rent doubles in 2043 and again in 2069.
Accommodation
Ground Floor - 66.4 sq m (715 sq ft)
Maisonette (Sold Off) - 44.0 sq m (474 sq ft)
Total- 110.4 sq m (1,189 sq ft)
203 Kingston Road, Leatherhead, Surrey KT22 7BP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leatherhead Station0.2 miles
- Ashtead Station1.5 miles
- Bookham Station2.5 miles
Notes
Disclaimer - Property reference 197-19847. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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