Property Information
Address:
128-130 , High Street, Shepperton, Middlesex
, TW17 9BG
, Middlesex
, United Kingdom
Price: Property no longer available.
Size: 1076 sq ft99 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH231628
Property Ref/Agent: shepp
*Please use the agent ref when calling the agent directly.
Property description
Leasehold double-shop investment for sale with secure FRI lease to well-established bathroom showroom and ceramic tiles suppliers in well supported High Street location. Ideal SIPP investment. Income of £18,000 per annum with a built in rent increase for 2016.
Located at the South end of Shepperton High Street (B376) and supported by a range of local independent retailers, the double shop unit provides trade counter retail services in a desirable suburb of Greater London. Unrestricted parking is available at the kerbside. Shepperton Mainline Station (London Waterloo stopping service) is within a short stroll.
By car the A3 is within a short drive and in turn provides swift access to the M3, M25, City Centre and Heathrow.
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
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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