£510,000 For Sale

Portsmouth Road, Thames Ditton

2 2 2

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
  • Two Storey Residential - Vacant / Unmodernised
  • Entire Building Circa 1,700 Sq Ft.

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 crudely converted self-contained studio apartments with the benefit of vacant possession.

Freehold Investment Opportunity, existing business unaffected. The building includes two large studio apartment over (each approx. 400sq. ft.) in need of refurbishment. Simple reconfiguration required to convert back to a large split level singular apartment or 2 small one bedroom units (STPP). The shop is let on a secure lease dated 2012 for 10 years to a long-established retail and trade ceramic tile importer at a current passing rent of £10,400 per annum exclusive. 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 10 Years to a long established retail and trade ceramic tile importer.

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.

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.

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