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58-64 Portsmouth Rd

537 SF Retail Condo Unit Offered at $335,902 in Cobham KT11 1HY

Investment Highlights

  • High footfall
  • Parking nearby
  • Good transport links

Property Facts

Price $335,902
Unit Size 537 SF
No. Units 1
Total Building Size 586 SF
Property Type Retail (Condo)
Property Subtype Retail
Sale Type Investment
Building Class B
Floors 3
Typical Floor Size 195 SF
Year Built 1990
Tenancy Single
Lot Size 0.27 AC

1 Unit Available

Unit 60

Unit Size 537 SF
Price $335,902
Price Per SF $625.52
Condo Use Retail
Sale Type Investment
Tenure Freehold
Description

The property is set back from Portsmouth Road, with a slip road running along the front of the properties providing customer parking and deliveries.
There is also rear access.

The property itself comprises of a retail unit of 537 Sq Ft (49.88 Sq M) at ground floor and a 3 bedroom maisonette above that has been sold off on a long lease.

Sale Notes

We are inviting offers in the region of £265,000 for the freehold interest.

The ground floor retail unit is let to Cobham Launderette on a 20 year lease, expiring in August 2037 at an annual rent of £14,000 with Rent Reviews in 2027 and 2032.

The upper floor which is a 3 bedroom maisonette, has been sold on a lease for a term of 999 years, expiring in February 2995.
There is no rental income from the flat.

Amenities

  • Bus Line
  • Commuter Rail
  • Security System
  • Balcony

Nearby Major Retailers

Santander
Caffe Nero
Waitrose & Partners
Barclays
Sainsbury's
Costa Coffee
TGI Fridays
Pret A Manger
Côte Brasserie
  • Listing ID: 34185241

  • Date on Market: 12/13/2024

  • Last Updated:

  • Address: 58-64 Portsmouth Rd, Cobham KT11 1HY

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