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 £485,000.
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.
VIEWING: Strictly by appointment through owner’s agents- Milestone Commercial 020 8977 5817
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.