3 Bedroom Detached House for sale in Addlestone
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Miles & Bird are delighted to offer for sale an attractive and well maintained Victorian building as a Freehold Investment Opportunity.
The building consists of:
Barber Shop - A modernised shop premises operating as a long-established Barber business.
Held on a lease of 125 years with peppercorn rent, effective 2017.
EPC C
Lower Flat - A modernised two-bedroom ground floor garden flat (approx. 50 m2 / 538 ft2), with own private entrance via gated access off Chapel Park Road to an enclosed private patio garden measuring approx. 23 x 12ft.
Held on a long lease of 125 Years from 25th March 2017, ground rent £250 pa.
Subject to an AST, the current tenant has been in occupation since May 2018.
Rent = £12,000 per annum.
Rent review discussed and agreed, further details available on request.
EPC C
Upper Flat - A modernised one bedroom, first floor, split-level character conversion flat with its own side entrance accessed via Chapel Park Road (approx. 42 m2 / 452 ft2).
Subject to an AST, current tenant in occupation since August 2017
Rent = £10,500 per annum.
EPC D
Total income for the building £22,500 per annum.
Location: Located in a desirable part of Addlestone, the building occupies a visible corner junction of Green Lane and Chapel Park Road, just over half a mile from the town centre which has recently undergone a major regeneration programme . The area is well connected with mainline train stations of Addlestone (0.6 miles), Chertsey (1.0m) and Byfleet and New Haw (1.8m), and by road the A317 is within a short driving distance and leads to the M25 orbital road at junction 11.
NB Internal photographs taken prior to the tenancies (Upper Flat 2017 and Lower Flat 2018).
Important information
This is a Freehold property.
Property Ref: EAXML14612_12190848
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