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23-27 High St 1,987 SF 100% Leased Retail Building Cobham KT11 3DH $2,554,485 ($1,285.60/SF)
Investment Highlights
- Retail investment
- Let to Joe & The Juice & Barnes Pantry
- Comprising 2 ground floor shops
Executive Summary
2 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 is occupied by Barnes Pantry which have been trading for over 35 years.
Tenancies
23 High Street
Let to Joe & The Juice UK Ltd 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.
27 High Street
Let to Easn Ltd t/as Barnes Pantry 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.
Tenancies
23 High Street
Let to Joe & The Juice UK Ltd 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.
27 High Street
Let to Easn Ltd t/as Barnes Pantry 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
1,987 SF
Building Class
B
Year Built
1999
Price
$2,554,485
Price Per SF
$1,285.60
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.12
Lot Size
0.38 AC
Amenities
- Energy Performance Rating - D
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Barnes Pantry
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
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- Accommodation and Food Services
- -
- -
- -
-
Jan 0000
Joe & the Juice began in Copenhagen in 2002 as a health-focused juice bar concept founded by Kaspar Basse. The company serves freshly prepared juices, shakes, sandwiches, coffee, and other light food items built around natural and organic ingredients. Over time, Joe & the Juice expanded into a global food and beverage brand with a broad presence across Europe, North America, the Middle East, Africa, and Asia. Joe & the Juice is a fast-casual concept focused on taste, health, and culture.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Barnes Pantry | Retailer | - | - | Lorem Ipsum | Jan 0000 | |
|
|
Accommodation and Food Services | - | - | - | Jan 0000 |
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23-27 High St
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