Life Magazine

£475,000 For Sale

Green Lane, Addlestone

3 2 2

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.

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.   

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.

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).

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