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5 Victoria Road, Surbiton, 5 Victoria Road, Surbiton

Guide price

£490,000

Auction

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Size

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Tenure

Freehold

EPC

Parking

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Primary use: Mixed use

No floor / site plan

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Key features

Prime Mixed-Use Investment
Retail Unit and Upper Parts
Retail Unit Let on 15 Year Lease Expiring 03.08.2040
Upper Parts Sold Long Leasehold
Prime Pitch opposite Surbiton Station
VAT-Free Investment
Investment Let at £62,500 p.a. (12.76% GIY on Guide Price)

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Description

The property comprises a prime retail investment opportunity occupying a prominent pitch opposite Surbiton Station.

Arranged as a ground floor retail unit with upper parts The ground floor and basement is let to a Surbiton Hardware Limited on a 15 year lease expiring 03.08.2040 and paying £62,500 per annum.

The current rent payable is £58,500 per annum, with a fixed uplift to £62,500 in 2028. The Vendor will "top up" the rent to this level from completion. The lease includes open market rent reviews every 5th year.

The upper parts are sold off on a long leasehold basis.

The property occupies a prime pitch fronting Victoria Road, the prime retail pitch within Surbiton. Nearby tenants include Megans Restaurant, Costa, McDonalds and Marks & Spencer.

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Additional information

Service charge: Ask agent
Business rates: Ask agent
Use class: Ask agent
Listed building: Ask agent

Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

5 Victoria Road, Surbiton, 5 Victoria Road, Surbiton

NEAREST STATIONS

Surbiton Station

0.04 miles

Berrylands Station

1.14 miles

Kingston Station

1.38 miles

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Disclaimer - Property reference 0E57D162-9D4B-4D81-8050-10064CC0FBA1. 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 National , Savills Auctions- Commercial. 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.

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5 Victoria Road, Surbiton, 5 Victoria Road, Surbiton

Freehold

Key features

Description

5 Victoria Road, Surbiton, 5 Victoria Road, Surbiton

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5 Victoria Road, Surbiton, 5 Victoria Road, Surbiton

Freehold

Key features

Description

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