Retail premises for sale in High Street, Shepperton TW17

128-130 high street, shepperton, middlesex, TW17 9BG

long lease investment for sale. Long-established tenants retained to 2025. Existing business unaffected.
Leasehold double shop investment with secure Fri lease to a well-established Kitchen and bathroom showroom and ceramic tiles suppliers in a busy local high street location. Suitable for sipp or corporate investment. The investment provides income of £22,000 per annum gross.

Located at the south end of Shepperton High Street (B376) and supported by a range of local independent retailers. The double shop unit provides trade counter retail services in a desirable suburb of Greater London. Unrestricted parking is available at the kerbside. Shepperton mainline station (London Waterloo stopping service) is within a short stroll. By car the A3 is within a short drive which in turn provides swift access to the M3, M25 & Heathrow/ city centre.

 

Description: Existing business unaffected. High street investment suitable for personal pension plans as unencumbered by residential ground rent. The well-maintained interconnecting shops are let to long-established tenants with 2.5 years unexpired on a lease from 2010. The shop occupies a bold main road trading position offering kitchen and bathroom design and installation services.

The premises consist of interconnecting A1 lock-up shops providing a total floor area of 100 M2 of retail, additional stores and WC facilities. Nb The sale is subject to VAT.

Accommodation: Gross internal area of some 100 M2.

Head lease: For a term of 125 years dated 2004.

Sub lease: A full repairing and insuring lease granted for a term of 15 years from 2010.

Rent: £22,000 per annum exclusive.

Price/tenure: £250,000 for the long lease interest providing some 8.8% gross yield. Including VAT (£210,000 net sale price)

ground rent: £300 per annum payable by the long leaseholder.

Commercial energy performance: Certificate rated at band E

viewing: Strictly by appointment through owner’s agents - Milestone Commercial

The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended tenant or purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. Or our clients. All figures ex-vat where applicable.