7-9 Church Street, Cobham

The property comprises a high yielding mixed-use investment located in a popular and affluent town.

Arranged as two ground floor retail units and separately accessed upper parts, the property is fully let to two tenants with an attractive WAULT of approx. 6 years to expiry and producing a combined £35,500 per annum.

The ground floor comprises two adjacent retail units let under a single lease to private individuals trading as a Nail Salon and Folies Lingerie on a five year lease expiring 29.09.2030 and paying £23,000 per annum. The tenant did not serve their 2024 break option displaying confidence in the location.

The first floor is let to private individuals trading as Optima Health on a 10 year lease expiring 28.02.2035 and paying £12,500 per annum. The tenant did not serve their 2026 break option displaying confidence in the location.

We consider the property may benefit from long term asset management potential, increasing income diversity by letting the ground floor retail units separately.

Furthermore the property may benefit from long term development potential via conversion of the upper parts to residential use (subject to lease and any requisite consents).

The property occupies a prominent pitch fronting Church Street in the heart of Cobham, close to the junction with High Street. The surrounding area comprises a mix of national and buitique retails, as well as a number of restaurants including The Ivy, Costa, Boots and Sainsburys.