The subject property is located on Ground Floor level within a Residential Development. Curchod & Co have been informed there are 39 flats on-site.
The subject property is let to Vet-AI Ltd (company number: 11343174) on a 20-year lease term from 28th July 2023 at a rent of £55,000 per annum exclusive. The lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. There is a mutual break option on 28th July 2033 (Break Date). There is a 12-month rent deposit held. The rent is to be reviewed on an upward only basis every 5 years to be the higher of either Open Market Rental Value or RPI compounded annually subject to a collar of 2% and cap of 5%. The tenant is to pay a service charge on an annual basis.
Curchod & Co can provide the required lease documentation on request.
The property is located down Station Road in Addlestone, adjacent to the roundabout by Gardens Close, Hawker Drive and Station Road. The property is located approximately 0.1 miles away from Addlestone Train Station, 1.8 miles away from M25 and 1.2 miles away from Weybridge High Street.
Price on Application
All viewings must be arranged in advance with Curchod & Co.
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 their own legal and other professional costs for this sale.
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