Tesco Express, Butcher, Grocers & 4 Flats, Great Bookham

Property Description

• Freehold blue-chip convenience store & residential investment in South East England.
• Convenience store size is 4,599 sq ft over ground and first floors.
• Two self contained flats above. Flat 3 is 850 sq ft. Flat 4 is 600 sq ft.
• Total accommodation approx. 6,050 sq ft
• 15 car parking spaces to the rear

Location Description

• The affluent and attractive village of Great Bookham is located 2.25 miles south-west of Leatherhead and 9.5 miles north-east of Guildford
• The area benefits from good road communications with the A24 nearby and the M25 (J9) approx 3 miles to the north east via the Leatherhead Road (A246)
• Bookham Rail Station is approx. 1 mile from the property and provides frequent services to London Waterloo (52 mins) and Guildford (21 mins)
• The property is situated in the centre of the village within an established parade on the east side of the High Street, close to its junction with Guildford Road (A246)
• Occupiers close by include a Boots pharmacy, a Co-op Food and a number of local businesses

Tenancy & Accommodation Schedule

•  4,599 sq.ft. convenience store over ground and first let to Tesco Stores Ltd for 15 years from 11/012023 FR& I (no breaks)
• Rent reviews linked to CPI every 5th year (1% collar & 3% cap)
• For the year ended 26 February 2022 Tesco Stores Ltd reported a turnover of £44,793,000,000, Pre-Tax Profit of  £1,260,000,000, Shareholders funds £8,220,000,000 and a Net Worth of £7,718,000,000 (Source: Experian 25.04.2023)
• 850 sq.ft. 2 bed flat let on an AST for £16,200 p.a.
• 600 sq.ft. 2 bed flat let on an AST for £13,300 p.a.