13-15 High Street – Weybridge – Freehold Retail Investment £1200000 Offers In The Region Of
Weybridge is a prosperous town located some 20 miles south-west of Central London, 2 miles from Junction 11 of the M25 and 4 miles from Junction 2 of the M3. Heathrow Airport is approximately 8 miles north and the town benefits from a rail service to London Waterloo. The property is situated in a first class position on the southern side of the High Street close to the junction with Baker Street. Many multiple retailers are located close by including Waitrose, Boots Chemist, Santander, Natwest, Café Nero, Age UK and White Stuff amongst others.
The property is arranged on ground and two upper floors to provide a ground floor retail unit with anciallry accommodation on part of the first floor. The shop has the benefit of rear servicing via Baker Street. The remainder of the first and second floors provides 8 self-contained flats, sold off on long leases.
Freehold subject to the various leases detailed within these particulars.
See attached PDF brochure.
Ground/Part first floors Let on a 10 year lease from 4.02.2014, so expires 3.02.2024 to WH Smith Retail Holdings Ltd. The lease has the protection of the Landlord & Tenant Act 1954. The passing rent, £92,000 was agreed with effect from the last rent review 4 February 2019. There are no further reviews or break clauses.
First/Second floor 8 flats – each flat has been sold on a long lease for a term of 125 years from 2013.
WH Smith dates back to 1792 Nationwide presence on High Street, Airports & Railway stations
WH Smith Retail Holdings Ltd (00471941) incorporated 17.08.49
Further financial info available at Companies House
For Y/E 31 August 2018, pre-tax profit – £115,766,000.
The ground/part first floor occupied by WH Smith has an EPC rating D98. A copy of the Certificate is available upon request.
£1,200,000 subject to contract and the tenancy details described above.
VAT is applicable, but if appropriate the sale could be treated as the Transfer of a Going Concern.
CONTACT DETAILS/FURTHER INFORMATION
Contact: Phil Eggerdon BSc (Hons) MRICS
Tel: 07523 958083