Fully Let Freehold Investment Opportunity

Outstanding freehold investment currently generating a robust income, with the businesses unaffected. A prime acquisition suitable for investors seeking a turnkey property portfolio in a desirable location.

Guide Price: £750,000 excluding VAT – Please note VAT may be applicable on No 19, while No 21 is VAT exempt.

Total current income: £49,900 per annum.

This well-maintained freehold comprises a spacious coffee shop, a self-contained office suite, and two upper flats sold on long leases, offering excellent rental income streams.

Commercial Space

The coffee shop spans approximately 1,700 sq ft and was comprehensively refurbished to a high standard by the present tenants upon occupation in 2017. The premises feature an inviting dining area, generous kitchen facilities, and a rear yard providing access for deliveries, along with a dedicated parking space. The property is let on a 15-year lease from 22/12/2017, with five-year rent reviews, currently at a rent of £40,000 per annum. The lease includes a tenant’s option to break at the 5th anniversary, which was not exercised. It is drafted within the Landlord & Tenant Act 1954. EPC rating: Band E. A three-month rent deposit is lodged, supported by a Director’s Guarantee.

Office Suite

The first-floor office at the rear of No 21 measures around 300 sq ft, with an external W.C. facility. It is let on a two-year lease from 19th February 2025 at £9,500 per annum. The lease is outside the Landlord & Tenant Act 1954. Access is via an external staircase, providing a convenient workspace for tenants.

Residential Flats

Flat 19a is sold on a 999-year lease from 19th September 2008, with a ground rent of £200 per annum. Flat 21a benefits from a 125-year lease starting 1st January 2010, with a ground rent of £200 per annum until 2035, after which the rent increases to £400 per annum for the subsequent 20 years.

Location

Located in the thriving and affluent village of Claygate, this area offers a wide selection of established shops and restaurants catering to daily needs and leisure. Residents and visitors benefit from plentiful free on-street parking and nearby public car parks. The mainline station at the end of the Parade provides direct rail access to Waterloo in approximately 30 minutes, making it an ideal spot for commuters and investors alike.

Viewing strictly by prior appointment. Please do not disturb the tenants during viewings.

High street retail property

Data source: https://www.rightmove.co.uk/properties/166367534#/?channel=COM_BUY