£900,000
Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
North Street, Leatherhead, Surrey, KT22
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About this property

Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :  

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Size Internal The size of a property or land refers to its physical extent or area. Read our glossary page

4766 sqft

Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page

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Material information

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Opportunity to purchase a prominent commercial property in the heart of Leatherhead. Total Annual Income of £78,958pax.
Total net internal area of 442.82sq. m (4,766 sq. ft).Available Immediately, Attractive yield in excess of 8%
Location
Leatherhead lies approximately 18 miles (29 km) south of London between Guildford (13 miles west) and Reigate (10 miles east), with Dorking around 7 miles to the north.
The town is well-connected via road networks, with the A24 running parallel
giving access to Dorking and the wider motorway network. The A25 links it to Guildford and Reigate. The M25 motorway (Junction 9) is approximately a mile away offering excellent connections to London, Heathrow, and Gatwick.
The property is located on the south side of North Street, with nearby businesses including Lidl and Esquires Coffee as well as a variety of independent retailers, cafés and food operators.

Description & Accommodation
The property comprises a three-storey residential and commercial building.
The ground floor is currently arranged as two commercial units.
The ground floor provides the following net internal floor areas.
11-15 North Street
• Ground Floor 374.6 sq. m 4,031 sq. ft
15A North Street
• Ground Floor 62.7 sq. m 675 sq. ft
• Total 437.3 sq. m 4,706 sq. ft

Tenure
The property is held under a Lease for a term of 999 years from 10th December
2018 under Title No SY858563.
Occupational Leases
The property is subject to the following occupational Leases.
11-15 North Street- Currently let to WSQ Investments Ltd, trading as Anytime Fitness for a term of 15 years from January 2020, expiring January 2035. The current passing rent is £60,958 pax and is subject to review at the 5th and 10th anniversaries of the term, the next being due in 2030.
15a North Street– Currently let to Charlie and Kate Ltd trading as Lucas Nails and Spa for term to expire 24th March 2034. The current passing rent is £18,000pax, the next rent review is due 24th March 2029.
Terms
The Long Leasehold interest in the property is available to purchase at a price
of £900,000 (excl of VAT)
Subject to Contract
VAT
The above guide price is exclusive of VAT if applicable.
Costs
Each party are to pay their own fees in relation to the transaction
EPC
11-15 North Street has an EPC rating of C (64)
15a North Street has an EPC Rating of C (65)

Business Rates
The Valuation Office Agency website describes the two premises as follows with a 2026 rateable value of.
11-15 North Street – ‘Gymnasium and Premises’ £43,500
15a North Street – ‘Shop and Premises’ £15,500
Viewings
Strictly by appointment with White and Sons:
Mike Wimble –Tel: 01306 743344
Email: [email protected]
David Sutton –Tel: 01306 743344 / 07948337048
Email: [email protected]
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Train stations

Train station Leatherhead  (0.2 miles)
Train station Ashtead  (1.8 miles)
Train station Bookham  (2.4 miles)
Train station Box Hill & Westhumble  (2.9 miles)
Train station Boxhill - Burford Bridge Hotel  (2.9 miles)

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Experts in Leatherhead

The picturesque town of Leatherhead is located at the gateway to the Surrey Hills, just off junction 9 of the M25. The town has plenty of shops, cafes, restaurants, pubs and popular weekly markets. Excellent leisure and cultural facilities include Leatherhead Leisure Centre and Leatherhead Theatre.

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Est.
1817

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Established in 1817 White & Sons are award winning independent estate agent with offices in Dorking, Reigate, Horley, Oxted & Leatherhead. We are a forward thinking business which uses cutting edge technology backed by 200 years of experience to assist with all your property related matters.

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Tenant Info for North Street, Leatherhead, Surrey, KT22