3 Bed Detached House For Sale Green Lane, Addlestone, KT15

Miles & Bird are delighted to offer for sale an attractive and well maintained Victorian building as a Freehold Investment Opportunity.\r
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The building consists of:\r
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Barber Shop - A modernised shop premises operating as a long-established Barber business.\r
Held on a lease of 125 years with peppercorn rent, effective 2017.\r
EPC C \r
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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.  \r
Held on a long lease of 125 Years from 25th March 2017, ground rent £250 pa.  \r
Subject to an AST, the current tenant has been in occupation since May 2018. \r
Rent = £12,000 per annum. \r
Rent review discussed and agreed, further details available on request.   \r
EPC C  \r
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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).   \r
Subject to an AST, current tenant in occupation since August 2017\r
Rent = £10,500 per annum.\r
EPC D\r
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Total income for the building £22,500 per annum. \r
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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. \r
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NB Internal photographs taken prior to the tenancies (Upper Flat 2017 and Lower Flat 2018).