Property Information
Address:
128-130 HIGH STREET , SHEPPERTON, MIDDLESEX
, TW17 9BG
, MIDDLESEX
, United Kingdom
Price: Property no longer available.
Size: 1000 sq ft93 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH244210
Property Ref/Agent: shepperton
*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.
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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
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