128/128A Tolworth Broadway, Surbiton, Surrey, KT6
Size
1,485
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
Key features
- Rental Income: £50,500 p.a.
- Gross Initial Yield: 7.01%
- Comprises ground floor shop and 3-bedroom maisonette at first and second floor
- Retail shop let until 2039. No breaks. Rent review every 5 years linked to RPI.
- Situated within short walk to Tolworth train station and opposite M&S Foodhall
- VAT is NOT applicable to this property
Description
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
Property Description:
The property comprises ground floor shop, currently operating as a nail salon and
3-bedroom maisonette arranged over first and second floor. The property benefits from 2 parking spaces at rear.
The property provides the following accommodation and dimensions:
Ground Floor: Nail Salon 71 sq m (764 sq ft)
Retail Area, Storage, WC
First/Second Floor: Maisonette 67 sq m (721 sq ft)
4 Rooms, Reception, Kitchen, Bathroom/WC
Total area size: 138 sq m (1,485 sq ft)
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.
Location:
Surbiton is a suburban neighbourhood of south-western Greater London, within the Royal Borough of Kingston upon Thames. It is situated next to the River Thames, 11 miles (18 km) southwest of Charing Cross. Surbiton is served by a number of regular bus services. Transport for London bus routes 71,281,406,41,465, K1, K2, K3, and K4. Railways have served the town since it was founded. Surbiton and Berrylands stations are both served by South Western Railway services. It provides rail links to London Waterloo, Surrey and Hampshire. The property is located within short walk to Tolworth train station and opposite M&S Foodhall with nearby occupiers including Domino`s Pizza and Poundland, amongst others.
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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- Floors in building
- 3
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- BREEAM rating
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- Environmental description
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Brochure
128/128A Tolworth Broadway, Surbiton, Surrey, KT6
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference 128tolworth. 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 BLUE ALPINE PARTNERS LIMITED, 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.