Life Magazine

£425,000 Sold Subject to Contract

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 excellent local covenant as part of an extended ceramic tile showroom) with separate rear access to two studio apartments* over in need of renovation or reversion to a single dwelling. with the benefit of vacant possession.

Freehold investment for sale, existing business unaffected. Benefitting from two studio apartments* over in need of refurbishment, 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 (review in 2016). The two studios are in need of refurbishment being separately accessed from the rear service road leading to a secure yard and external staircase. Being located close to the University of Kingston campus this is an ideal opportunity to provide much needed residential accommodation. 

SHOP LEASE: FRI granted in 2012 for 12 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 £425,000.

ENERGY PERFORMANCE: An EPC has been commissioned.

* We are unable to provide evidence that the split of a single duplex dwelling to studios is compliant or has the benefit of planning permission. Applicants should satisfy their own enquiries.  The floor plan enclosed refers to the original layout.

Located on the A307 Portsmouth Road connecting Kingston town centre with Surbiton and Thames Ditton. Forming part of a high-visibility secondary parade of mixed retail units, supporting services and car showrooms. Close to the River Thames, the parade serves an affluent residential neighbourhood. Thames Ditton mainline station lies within a short walk and in addition major bus routes pass the door.  By car the A3 is within a short drive which in turn provides swift access the M3, M25, Heathrow and city centre.

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