KT11 High Street, Cobham

Two ground floor lock-up shops benefitting from one car parking space each located in the rear secure gated car-park. The left-hand side premises has undergone a full fit out by Joe and the Juice to their recognisable specification. The right-hand side shop will be occupied by Barnes Pantry which have been trading for over 35 years.

Available on a new 999 year lease at a peppercorn ground rent. Price £2,000,000 (Two million pounds)

Tenants

Joe and the Juice

is a Danish juice bar and coffee shop chain which currently has in excess of 300 stores worldwide and revenues in excess of $170m with plans to continue their expansion.

For a term of 10 years commencing January 2023. at £75,000 pa exclusive. The lease is subject to an upward only rent review at the end of the 5th year. There is a tenant break option at the end of the 5th year upon providing 6 months notice and subject to payment of main rent only. The Lease is held within the Landlord & Tenant Act 1954. The tenant will receive a 6 month rent free period, to be taken as 3 months rent free from completion followed by 6 months at half rent. The rent will be paid monthly in advance.

Barnes Pantry

is more than a convenience store stocking a mixture of essentials and household names as well as offering a range of high quality and specialist products. A family owned business operating for over 35 years that cares deeply about the local community.

On a 10 year full repairing and insuring lease at £50,000 pa with an upward only rent review and a tenant only break in the 5th year.

Situated on High Street, Cobham Surrey which is a highly desirable affluent area which is anchored by Waitrose. Other local occupiers include Café Nero, Sainsburys Local, The Ivy, Costa, Gails, Barclays Bank, Space NK, Majestic Wines and other known brands. Cobham is 17 miles south west of London and 10 miles north east of Guildford. It is also a short drive away from the M25 making travel into London easily accessible.

Rental Income £125,000 pa