9 & 9a Station Approach, Virginia Water, GU25 4DW

Key Points

• Ground Floor Retail Tenant – Let at £55,000 p.a. in 2018.
• Rent review every 5th year anniversary of the lease (2023 review un-activated).
• First floor let on a 2-year AST agreement from Feb ‘24 at £12,720 p.a. (£1,060 pcm).
• Strong local parade in popular, affluent area of Surrey.

Location

The town of Virginia Water is located on the South-Western outskirts of Greater London, situated outside of the M25 ring road and just north of the M3 motorway linking London and Southampton. Local transport links include National Rail Services running into London Waterloo, Reading and Weybridge, as well as bus links to the neighbouring towns of Staines, Sunningdale and Thorpe. Station Approach itself is central within the town, situated close to both local transport links and other retail offerings within the town as well as parking opposite.

Description

The premises are based over two floors and are of a brick-and slate construction with traditional chequered-paned windows on the first floor and floor-to-ceiling window frontage on the ground floor. Internally both premises have been kept in a good and tenantable condition

Accommodation  

Terms

Available For Sale Freehold with a total income of £67,720 p.a.

Rent

£1,050,000 (+ VAT)

Sale to be treated as a Transfer of a Going Concern (TOGC) to exclude VAT payment. 

Business Rates/Council Tax

GF Rateable Value (24/25): £34,000

Apartment falling under council tax band C

EPC

GF Retail Unit: B - 37
Apartment: D - 67

Anti Money Laundering Policy

In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.

Legal Costs

Each party to bear their own legal costs incurred in the transaction

Viewing

Strictly by appointment with the sole agents Owen Isherwood