Commercial property for sale in High Street, Staines TW18

Key Points

Description

Trading as a Korean style restaurant, the main restaurant area has approximately 34 covers plus a private dining area. A kitchen and prep room is situated to the rear and beyond this, a store. The property is single storey.

Location

The High Street location is within easy walking distance of the station and amongst the many shops and restaurants that make Staines-upon-Thames a dynamic hub. The newest entrant is the local Co-Op store opposite and the oldest established retailer, Lewis & Sons furniture store, is a few doors away. This section of the High Street is the main traffic route from the A30 Crooked Billet gateway entrance to the town, through the centre which is seeing major redevelopment and completion of the new nine storey London Square apartment complex and 14 storey Eden Grove. Further large scale residential conversion and development has also taken place in Fairfield Avenue, a few hundred yards away, highlighting the popularity of this location.

Terms

The freehold is offered for sale, with offers invited in the region of £448,000, subject to contract and financial status. VAT is not applicable.

The property is let on A 15 year lease from 24th June 2014, expiring 15th June 2029 at a current passing rent of £28,000 p.a.x. The next rent review is 24th June 2024 and the last day of the term. The use is Licensed Restaurant and or Takeaway and / or Wine Bar. A rent deposit of £14,000 is held. The tenant is to maintain the property in good and substantial repair subject to a prior lease, in 2002. The tenant is jsy Food Ltd subject to guarantor.

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The accommodation comprises the following areas: