Retail premises for sale in Kingston Road, Teddington TW11

Location

The property is located in a small local parade on the A310 Kingston Road, one of the main arterial routes from Teddington to Kingston town centre, both of which are approximately 1 mile away. Other retailers in the parade include a Co Op food store, furniture showroom, pharmacy, café, newsagent and hardware store.

Description

The property comprises a ground floor shop, currently trading as Moore’ Cycles. The shop is partitioned to provide a front retail area and rear store. There is also a
WC and kitchenette. Stairs lead down to a basement with a head height of 1.86m. There is access to a rear yard which accommodates 3 storage buildings.

Accommodation

The property has a total approximate net internal floor area of:-

Ground Floor 63.3 sq. M (682 sq. Ft)
Basement 32.4 sq. M (348 sq. Ft)

Business rates

The business rates assessment is based on 214 Kingston Road and part 216 Kingston Road with a total 2023 Rateable Value of £22,750.

Tenure

Freehold subject to the following leases:-

Ground floor occupational lease

Current lease expiry: 30th September 2025 @ £22,000 pa.
Terms for a reversionary lease have been agreed for a 5 year term from 1st October 2025 @ £22,000 pa with a 3rd year rent review (October 2028) to Open Market Value.

Two Long Leaseholds
Flat 1: 240 years from 24 June 1986
Flat 2: 189 years from 24 June 1986
Peppercorn ground rents.

Price

£275,000

Energy performance rating

To be confirmed.