Retail Property (high street) for saleHigh Street,Shepperton,TW17
100 sq. m. | £320,000
- 1,076 sq ft (100 sq m)
- Use class orders: A1 Shops
- Double Shop Front
- Recently Refurbished
- Additional Stores
- Suitable for personel pensions
128-130 HIGH STREET, SHEPPERTON, MIDDLESEX, TW17 9BG
DESCRIPTION: EXISTING BUSINESS UNAFFECTED. High Street investment suitable for personal pension plans as unencumbered by residential ground rent. The recently refurbished shop occupies a bold main road trading position with a double shop front. The shop is let to a well-established and supported bathroom and ceramic tile supplies business which has been in situ for 10 years on a secure lease. There is a built in rent increase to £20,000 on the 1st January 2016. There is also potential to fix a third rent period.
NB A ground rent of £300 per annum is payable by the long-leaseholder. The shop lease is internal repairing only. The premises consist of interconnecting A1 lock-up shops providing a total floor are of 100 M2 of retail and additional stores and WC facilities.
ACCOMMODATION: Gross internal area some 100 M2 .
HEAD LEASE: For a term of 125 years dated 2010. Ground rent of £300 per annum payable.
SUB LEASE: A Lease granted for a term of 15 years from 2010.
RENT: £18,000 per annum exclusive rising to £20,000 in January 2016.
PRICE/TENURE: £320,000 for the long-lease interest.
GROUND RENT: £300 payable by the long-leaseholder.
Commercial Energy Performance. Certificate rated at band E
VIEWING: strictly by appointment through owner's Agents- Milestone Commercial 020 8977 5817
The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended tenant or purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. or our clients.
All figures ex-vat where applicable.
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