Retail premises for sale in 7 Grand Parade, Station Road, Hook RG27

From £475,000 (£335.22/sq. ft)
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Retail premises for sale 1,417 sq. ft*

Property description

Key Points

  • Recently vacant 3 bedroom maisonette
  • Unit 3 (Post Office) let in 2022 £20,000 pax
  • June 2024 Rent Review
  • Reversionary shop rent
  • Shop let to well established chain of travel agents (t/a Toucan Travel)
  • Affluent location near J5 M3 Motorway
  • Retail unit let at £13,600 pa exclusive of VAT and all outgoings
  • Description

    7 Grand Parade comprises a ground floor retail unit which has been operating as a Travel agents (t/a Toucan Travel) for many years. The shop is currently arranged as a sales area with ancillary / store behind and rear access for deliveries. Staff w.c and welfare fascilities are provided to the rear. There is generous customer car parking in front of the retail parade, and rear car parking for staff / residents which is not allocated.

    There is a maisonette above which is arranged at First and Second floors accessible via the stair cases either end of the parade. The maisonette is arranged with an entrance hallway with stairs leading to 3 bedrooms (2 double and 1 single), and a bathroom. The downstairs is arranged with a generous lounge / dinner and separate kitchen which leads out to an enclosed terrace / garden area. We understand there is a separate lock up garage in the block behind.


    7 Grande Parade forms part of a popular retail / residential parade at the junction of Station Road and London Road and within a mile of the M3 motorway (Junction 5) providing excellent road links to London, the South Coast and the West. Hook mainline station is within easy walking distance and provides a frequent service to London (Waterloo) with a journey time of approximately 45 minutes. There is a wide range of local amenities and shopping facilities including Boots adjacent, and Tesco store.


    The retail premises has been let for many years originally to Toucan Travel, which was recently acquired by Travel Corp Midlands Limited. The lease was granted for a term of 6 years, from 18th March 2021 with a Tenant Only Break in 18th March 2024, and if the break clause is not exercised the lease is subject to an Upwards Only Open Market Rent Review on 3rd anniversary (18th March 2024). The current passing rent for the shop is £13,600 pax, payable quarterly in advance, deemed to be reversionary (erv say £20,000 pax).

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by London Clancy, and do not constitute property particulars. Please contact London Clancy for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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