Region: South East
Property Type: Retail
Floor Area: Total NIA 3,222 sq ft
The property is situated in Esher, a popular commuter town in Surrey, approximately 4 miles east of Weybridge, 5 miles south west of Kingston upon Thames and less than 15 miles south west of Central London.
The subject property comprises an attractive period three storey building, fronting onto the High Street, comprising the Santander (43 High Street) unit which will be provided with vacant possession, and the adjoining tenanted Subway unit (41 High Street).
43 High Street comprises a largely open plan retail banking space, with a number of meeting rooms, ancillary space and kitchenette to the rear. The majority of partitions are non-structural, allowing for much larger sales space, subject to any incoming occupier’s requirement.
Both units benefit from extensive glazed frontages, whilst 43 High Street also benefits from rear access and a double garage to the rear.
The first floor elements of 41-43 High Street include four separately demised residential flats which are sold off on long leaseholds. These elements are accessed via an entrance to the rear.
Tenancies
The front element of the ground floor at 41 High Street is currently let to Subway on a lease which expires 21 October 2029 at a rent of £28,692 per annum. This unit is subject to a rent review in October 2019.
The upper parts of 41-43 High Street include four flats which are sold off on long leaseholds as follows:
Unit | Start | Term (yrs) | Rent (£) | Comments |
Flat 41A | 25/04/94 | 99 | 50 p.a. | Outstanding Rent Review |
Flat 41B | 01/11/89 | 154 | 75 p.a. | Rent doubling every 25 years |
Flat 43A | 16/11/16 | 162 | Nil | Peppercorn |
Flat 43B | 18/08/06 | 176 | Nil | Peppercorn |
Further details on request.
Accommodation
The unit extends to the following approximate net internal floor areas:
Vacant Bank (43 High Street):
Net Internal Area | Sq ft | Sq m | |
Ground Sales Area | 2,467 | / | 229.18 |
(Ground floor ITZA) | 854 | / | 79.33 |
Total NIA | 2,467 | / | 229.18 |
Subway (41 High Street):
Net Internal Area | Sq ft | Sq m | |
Ground Sales Area | 755 | / | 70.18 |
(Ground floor ITZA) | 552 | / | 51.28 |
Total NIA | 755 | / | 70.18 |
Rates
Rateable Value Santander | £51,500 | |
Rateable Value Subway | £33,000 |
Interested parties should verify these figures with the Local Authority.
Planning
We understand that 41 High Street currently benefits from A1 planning use whilst 43 High Street benefits from A2 planning use. Purchasers should make their own enquiries with the Local Authority.
Viewing
By Prior appointment only. To arrange a viewing please contact:
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