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Property for sale in Retail Investment in High Street Location

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Property - £250,000

Retail Investment in High Street Location

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First listed on: 20th September 2015

Nearest stations: Hampton Court (0.5 mi)Thames Ditton (1 mi)Esher (1.4 mi)Hampton (1.4 mi)Hersham (1.6 mi)

Interested in this property? Call See phone number 0208 977 6885

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Property Features

  • RETAIL INVESTMENT OPPORTUNITY
  • PASSING RENT 17,500 PER ANNUM
  • LONG UNEXPIRED LEASE TERM OF CIRCA 10 YEARS
  • PROMINENT HIGH STREET LOCATION
  • RECENTLY REFURBISHED

Property Description

This retail investment opportunity is situated on a prime high street position close to a number of national multiples including Tesco\'s and Subway. The ground floor retail premises are let to a private individual on a 10 year lease from 9th September 2015 at a passing rent of £17,500 per annum and are currently trading as a carpet store. Internally, the property is arranged over ground floor to have large open plan sales area to the front, with ancillary stores, offices, kitchenette and W/C to the rear and is in a recently refurnished condition throughout. A three month rent deposit (£4,375) is held as security and there is an upward only rent review at the expiry of the 5th year of the term. This opportunity is available by way of a new 999 yearlong leasehold interest at an asking price of £250,000, which reflects a 7% Gross Initial return.Read more

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Date History Details
21/09/2015 Property listed at £250,000

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Disclaimer

Disclaimer Property reference 11222KT1_6033034. Details are provided and maintained by Levene Commercial. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Levene Commercial

83

High Street

Kingston Upon Thames

KT1 4DG

Telephone: See phone number 0208 977 6885

Disclaimer

Disclaimer Property reference 11222KT1_6033034. Details are provided and maintained by Levene Commercial. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Levene Commercial

83

High Street

Kingston Upon Thames

KT1 4DG

Telephone: See phone number 0208 977 6885

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