Summary - 129, HERSHAM ROAD KT12 1RW
1 bed 1 bath Retail Property (high street)
Long-term retail income plus sizable vacant maisonette above — prime for investors.
Freehold mixed-use building on busy Hersham Road parade
A rare freehold high-street investment on Hersham Road, this mixed-use property combines an E-class retail unit and a large self-contained maisonette above. The ground floor is let on a 10-year effectively full repairing and insuring (eFRI) lease from December 2018, producing a current rent of £17,500 pa that steps up to £19,000 pa in December 2025. The maisonette is recently vacant and has an estimated rental value of £1,600–£1,750 pcm, offering short-term re-letting or owner-occupier potential.
Positioned on a busy retail parade between Walton town centre and Hersham Village, the property benefits from strong footfall, good public transport (mainline station c.10-minute walk to London Waterloo in ~30 minutes) and the spending power of an affluent local catchment. The building extends to around 1,992 sq ft overall and includes a roof terrace and separate front and rear access to the upper parts, useful for letting flexibility or dual use.
Important considerations: the ground-floor tenant trades in a personal name and the lease sits outside the Landlord & Tenant Act 1954. The local area records higher crime levels than surrounding neighbourhoods, and the plot is small despite the large internal floor area. VAT may be charged and each party must meet their own legal costs. Note: source information includes conflicting bedroom data for the maisonette (advert description states three bedrooms; other data lists one bedroom) — this should be clarified prior to purchase or letting.
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