The property comprises two ground floor retail units and a residential three-bedroom flat above.
44 High Street is let to a newsagents on a nine year, effectively fully repairing and insuring lease, from January 2022. The current passing rent is £16,000 per annum, subject to open market rent reviews on 29th September 2024 (outstanding) and 29th September 2027. The lease is protected by the Security of Tenure provisions of the Landlord and Tenant Act 1954.
44A High Street is currently let to Weybridge Sports Ltd on a fifteen year, effectively fully repairing and insuring terms, from March 2015. The current passing rent is £16,100 per annum, subject to an open market rent review on 17th March 2025. There is a tenant-only break clause on 17th March 2025, 3 months notice required. The lease is protected by the Security of Tenure provisions of the Landlord and Tenant Act 1954.
The upper parts consist of a self-contained three-bedroom, with kitchen, living room and bathroom with separate toilet. The flat falls within Council Tax Band D, with council tax payable £2,332.80 per annum.
The property occupies a prominent position on Weybridge High Street, the towns main retail thoroughfare. Local occupiers include Waitrose, Gails, Pret, Boots and Cafe Nero.
Junction 11 M25 is approximately 3 miles away providing good access to both Heathrow and Gatwick airports and the wider motorway network. Weybridge mainline station has regular services to London Waterloo, with journey times of approximately 30 minutes.
Sale of the freehold interest, with offers in excess of £850,000. Title number SY139621.
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Each party to be responsible for the payment of their own legal costs incurred in the sale. The property is not elected for VAT therefore VAT will not be charged.
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