Life Magazine

£120,000 Sold Subject to Contract

39 Green Lane, Addlestone

Miles and Bird are delighted to offer for sale the long leasehold interest of a Barber Shop, located on a prominent corner position of Green Lane and Chapel Park Road close to Addlestone Town Centre.

Completely refurbished and modernised in recent years, the shop forms part of an attractive and well maintained Victorian building. Internally the floor space extends to approximately 31 m2 / 333.5 sq. ft. NIA with open plan space and separate Kitchenette and WC. Double door access is used as the main customer entrance, but there is also a further single door leading to open pavement frontage on Green Lane. The shop also benefits from an allocated pavement parking space. This highly visible A1 premises would accommodate various other businesses to include Beauty Therapist or Nail Bar, Dry Cleaners, Sandwich Bar or Domestic Hire Shop.

Location: The shop serves a local residential neighbourhood, just over half a mile from Addlestone Town Centre (currently undergoing a major town centre redevelopment programme). The area is well connected with main line train stations of Addlestone (0.6 miles away), Chertsey (1.0), and Byfleet, and New Haw (1.8), and by road the A317 is within short driving distance and leads to the M25 orbital road at junction 11.  

SHOP LEASE:  FRI lease granted in June 2012 for 5 years to the current tenant.  

CURRENT RENT:  £6,500 per annum exclusive, payable quarterly in advance. 

NB.  It should be noted that the existing tenant has expressed a strong desire to negotiate a new lease, subject to review June 2017.  

SALE PRICE:  A new long lease of 125 years, with a ground rent payable of £250 per annum, together with associated shop lease (if required) is available at £120,000.  For owner occupiers requiring alternative use, vacant possession can be obtained in June 2017.     

ENERGY PERFORMANCE CERTIFICATE:  An EPC has been commissioned.  

VIEWING:  Strictly by Appointment through Sole Agents - Miles & Bird 020 3875 3875

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