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Warhammer8 High Street, Epsom
- New
- Sole agency
- Freehold
Key features
- High Yielding Mixed-Use Investment
- Fully Let to Two Separate Tenants
- Asset Management Potential
- Development Potential (subject to consents)
- Retail Unit with Office Upper Parts
- Average Unexpired Lease Term of 6.5 Years
- Established and Popular Location
- Investment Let at £30,750 p.a. (9.04% GIY on Guide Price)
High Yielding Mixed-Use Investment Opportunity Retail Unit Let to Warhammer with Offices to the Upper Parts Investment Let at £30,750 per annum
About this property
The property comprises a high yielding, mixed-use, investment occupying a prominent corner pitch in Epsom. Arranged across ground, first and second floors, the property comprises a retail unit to the ground floor with office accommodation to the upper parts. The property is fully let to two separate tenants producing a total rent of £30,750 per annum. We consider the property to have asset management potential via improvement of rent to the retail unit which is currently passing off a low £16.72 per sq ft. The property occupies a prominent corner pitch at the junction of High Street, East Street and Church Street. The area is characterised by a mix of local and national occupiers including McDonalds, Savers and Robert Dyas
Additional information
- The ground floor is let to Games Workshop Limited on a lease expiring July 2027 and paying £14,250 per annum.
- The upper parts are let to Panache Professional Services Limited on a lease expiring March 2024 and paying £16,500 per annum.
- Planning
- Whilst there are no extant planning consents, the property may have potential for conversion to alternative uses, including residential, subject to the existing leases and any requisite consents.