244-256 Station Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
244-256 Station Rd
18,901 SF 100% Leased Retail Building Addlestone KT15 2PS $1,296,496 ($68.59/SF)
INVESTMENT HIGHLIGHTS
- Located within a Residential Development
- Good road links
- Parking
EXECUTIVE SUMMARY
The subject property is located on Ground Floor level within a Residential Development. Curchod & Co have been informed there are 39 flats on-site.
The subject property is let to Vet-AI Ltd (company number: 11343174) on a 20-year lease term from 28th July 2023 at a rent of £55,000 per annum exclusive. The lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. There is a mutual break option on 28th July 2033 (Break Date). There is a 12-month rent deposit held. The rent is to be reviewed on an upward only basis every 5 years to be the higher of either Open Market Rental Value or RPI compounded annually subject to a collar of 2% and cap of 5%. The tenant is to pay a service charge on an annual basis.
The subject property is let to Vet-AI Ltd (company number: 11343174) on a 20-year lease term from 28th July 2023 at a rent of £55,000 per annum exclusive. The lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. There is a mutual break option on 28th July 2033 (Break Date). There is a 12-month rent deposit held. The rent is to be reviewed on an upward only basis every 5 years to be the higher of either Open Market Rental Value or RPI compounded annually subject to a collar of 2% and cap of 5%. The tenant is to pay a service charge on an annual basis.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Office
Building Size
18,901 SF
Building Class
B
Year Built
1980
Price
$1,296,496
Price Per SF
$68.59
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.90
Lot Size
0.48 AC
Parking
22 Spaces (0.52 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Corner Lot
1 of 1
NEARBY MAJOR RETAILERS
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
244-256 Station Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.