41-43, High Street, Esher, Surrey, KT10 9SQ

Region: South East
Property Type: Retail
Floor Area: Total NIA 3,222 sq ft
Sale Price: In excess of £1,100,000 for the Freehold interest of the property, excluding standard purchaser's costs

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.

• Share