Property Information
Address:
High Street, Shepperton
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH351709
Property Ref/Agent: 1273
*Please use the agent ref when calling the agent directly.
Property description
128-130 HIGH STREET, SHEPPERTON, MIDDLESEX, TW17 9BG LONG-LEASE INVESTMENT FOR SALE. Existing business unaffected. 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
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