Church Street, Walton-On-Thames, Surrey KT12
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- SIZE
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- SECTOR
Commercial property for sale
Key features
- Freehold building comprising 4 x retail units with sold off residential units above extending to 2,2504ft² and situated on a site of 0.1 acres
- Part let producing £21,500 per annum with potential for future rental growth with an ERV of £65,500pa
- Located in the affluent Surrey area of Walton-on-Thames
- Offers invited in the region of £650,000 for the freehold interest which reflects £288psf and 9.57% on the ERV
Description
The existing properties comprises 3 x adjoining retail units which front onto Church Street with residential upper parts (residential apartments sold off on long leases).
An additional single-storey retail unit is located to the rear of the parade.
The existing properties extend to 2,250ft² in total situated on a site of approximately 0.1 acres.
LOCATION:
The property occupies a prominent position along Church Street (A3050) within the affluent Surrey area of Walton-on-Thames.
The Heart Shopping Centre and High Street are located within walking distance of the property (0.1 miles).
Walton-on-Thames train station is located 1.1 miles from the property providing frequent services into London Waterloo in 26 minutes.
TENANCY:
3 of the retail units are currently vacant offering potential for future rental income. Offers have been received but not accepted to rent units 34 and 36 Church Street at a combined rent of £44,000 per annum, further information is available upon request. 38 Church Street is let at a passing rent of £20,500 per annum.
The first and second floors comprise 4 x residential flats which are sold off on 125 year long leases producing £1,000 per annum in ground rent.
Based on the current income and offers received an ERV in the region of £65,500pa is expected.
TENURE:
The property is being sold freehold.
VAT:
We understand the property is not elected for VAT.
TERMS:
Offers invited in the region of £650,000 for the freehold interest which reflects £288psf and 9.57% on the ERV.
Brochures
Church Street, Walton-On-Thames, Surrey KT12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Walton-on-Thames Station1.0 miles
- Shepperton Station1.4 miles
- Hersham Station1.4 miles
About Kingsbury, London
32-34 Baker Street Weybridge Surrey KT13 8AU
Notes
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