Retail premises for sale in 9 High Street, Twyford, Reading RG10

Key Points

Description

9 High Street comprises a ground floor shop occupied by Zappas Hairdressing Salon and two upper floors each providing 2-bed self-contained residential flats.

Externally, the overall property benefits from 4 car parking spaces to the rear which is accessed off Church Street.

Location

9 High Street is prominently located within the heart of the popular and sought after Berkshire village of Twyford which lies midway between Maidenhead and Reading and is served by the mainline Crossrail railway station. The property itself is situated on the southern side of the High Street a short distance to the west of its busy crossroads junction with Church Street, Wargrave Road and London Road. Twyford offers a good selection of independent retail and restaurant facilities, as well as an established Waitrose Supermarket.

Availability_Text

Approximate floor areas measured on a NIA basis:

Business Rates

Gf Shop Rateable Value: £11,750
Council Tax: C - £1,483

Terms

The virtual freehold comprising a 999-year lease from 14/12/2005 is offered for sale for £650,000 with the benefit of a new 5-year lease on the gf shop and rental income as detailed below.

Lease Terms

Two flats let on AST’s producing a combined rent of £21,900 pa. Upon completion, Zappas Hairdressing Salon shall enter a new 5-year internal repairing and insuring lease at a rental of £18,500 pax on the ground floor shop.

Total rental income £40,400 pa.

Viewing & Further Information

Please contact the sole agents for further information or an appointment to view.

VAT

The property is not elected for VAT

Anti-Money Laundering Regulations

To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake id checks for all successful purchasers and tenants where legislation requires us to do so.