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2 bedroom property for sale

Criterion Buildings, Portsmouth Road, Thames Ditton


Property Description

Key features

  • Freehold Investment / Development Opportunity
  • Part Residential / Part Commercial
  • Attractive Period Building
  • Current Tile Business Unaffected
  • Excellent Transport Links
  • Close to River Thames
  • Close Proximity to Kingston / Surbiton / Thames Ditton
  • Upper Parts - 2 x Studio Apartments
  • Storey Residential - Vacant / Unmodernised
  • Entire Building Circa 1,700 Sq Ft.

Full description

Freehold Investment For-Sale. Fully-let shop (to an excellent local covenant as part of an extended ceramic tile show room). In addition, the upper parts feature 2 x unmodernised self-contained studio apartments with the benefit of vacant possession.

Freehold Investment Opportunity, existing business unaffected. The building includes two studio apartment over in need of refurbishment. Simple reconfiguration required to convert back to a large split level singular apartment. The shop is let on a secure lease dated 2012 for 12 years to a long-established retail and trade ceramic tile importer at a current passing rent of £10,400 per annum exclusive, rent review due end 2016. The vacant unmodernised studio are separately accessed via a wide rear service-road with door to secure yard leading to an external staircase. Being located close to the University of Kingston campus this is an ideal opportunity to provide much needed residential accommodation.

Shop Premises: FRI lease granted in 2012 for 12 Years to a long established retail and trade ceramic tile importer, rent review due end of 2016.

Current Rent: £10,400 per annum exclusive for the shop.

Sale Price: The Freehold and associated shop lease is available for £550,000.

EPC: Energy Performance Certificate has been commissioned.

NB. The upper parts could be sold separately on Long Leases - further details available on request.

Located on the A307 Portsmouth Road (Nr St Leonards Road / Thorkhill Road / Ferry Road junction) connecting Kingston Town Centre with Surbiton and Thames Ditton. Forming part of a highly visible secondary parade of mixed retail units and supporting services & car showrooms. Close to the River Thames, the parade serves an affluent residential neighbourhood. Thames Ditton mainline station is within a short walk and in addition major bus routes pass the door. By car A3 is within a short drive and in turn provides swift access to the M3, M25, both main London Airports and the City Centre.

More information from this agent

Listing History

Added on Rightmove:
26 October 2016


Map & Street View

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