30 Church Road – Ashford – Freehold Bank Investment £350000 Offers In The Region Of
The premises are located within Church Road, Ashford. Church Road is the principal road running through the centre of Ashford. The town has a range of retail, restaurant/takeaway and banking facilities. Ashford mainline railway station is within walking distance of the property and provides a service between Windsor & Eton and London Waterloo. Access to the national motorway network is available at Junction 15 (Staines) of the M25 and from Junction 1 of the M3 at Sunbury. These in turn offer access to both London Airports (Heathrow & Gatwick).
The main building comprises three storeys under a flat roof with a surrounding parapet wall. There is an additional single storey extension to the rear, which is linked to the ground floor only, and this provides extra accommodation for the ground floor occupier as well as a terrace walkway above.
The ground floor is occupied under the terms of a commercial lease by bank, Santander UK Plc, with the main front area being used for bank counter services with separate individual offices off the main banking hall. Administrative offices are located within the single storey section to the rear.
There are two flats above, known as 30A (first floor), and 30B (second floor) Church Road, span the entire width of the main building. The flats comprise a hallway connecting to a kitchen, lounge, two bedrooms, a bathroom and W.C. Access to the flats is via a passageway on the righthand side of the building when viewed from Church road. This leads to an external staircase. Both flats have been sold off on long leases.
30 Church Road – Ground floor shop premises (Net internal Area)
Main retail/banking hall = 147.98 sq m/1,593 sq ft
Rear admin office = 38.88 sq m/419 sq ft
Kitchen = 3.5 sq m/38 sq ft
Total floor area = 190.36 sq m/ 2,049.08 sq ft
30A Church Road – First floor flat
Entrance door leading to hallway; kitchen, lounge, study/bedroom, double bedroom, bathroom and w.c. facilities
30B Church Road – Second floor flat
The accommodation is essentially the same as the first floor flat, although there is slightly less useable floor space because of the instruction of the staircase leading from the first-floor walkway area.
30 Church Road (Ground floor) let to Santander UK Plc from 19/03/2015 until 19/09/2020, at a passing rental of £27,500 per annum exclusive. The lease is contracted inside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954 Part 2 (as amended).
Flat 30A Church Road (1st floor) has been sold on a long lease. The lease started 25/03/1986 and expires 24/03/2175. Rent £100 per annum from 25/03/19 to 24/03/2052. £150 per annum from 25/03/2052 to 24/03/2085. Then peppercorn.
Flat 30B Church Road (2nd floor), has been sold on a long lease. The lease started 25/03/1986 and expires 24/03/2085. Rent £100 per annum from 25/03/2019 to 24/03/2052. £150 per annum from 25/03/2052 to 24/03/2085.
There is also a Southern Electricity Board substation interest that expires 19/12/2110 paying a peppercorn.
Overall the current passing rental equates to £27,700 per annum exclusive.
We are offering the Freehold Interest in this property for £350,000 subject to contract and the existing leases.
Each party to be responsible for their own legal costs incurred in connection with any transaction.
Spelthorne Borough Council Knowle Green Staines-upon-Thames TW18 1XB
T: 01784 451499 W: www.spelthorne.gov.uk