Retail premises for sale

Church Road, Teddington TW11

For sale affordable freehold investment. Boldly located in this highly affluent and ever desirable riverside suburb. Central teddington location close to all amenities. Let to an established business and recently renewed for A further 5 years at £12,000 per annum plus ground rents. (also available as an entire freehold with leasehold rented apartments in the same ownership).

Forming part of a central Teddington leafy parade of cafes, restaurants, shops and services. Walking distance from Royal Bushy Park, at the confluence of the High Street and broad Street . Buses pass outside, Teddington Station is within a short stroll and by road it is a short drive from the A316 /M3 which, in turn, provides easy access to the A3, A316, M3, M25, Heathrow Airport and City Centre.

Rarely available unbroken freehold investment comprising shop premises let on an Fri lease recently renewed for a further 5 years to an established hairdresser. There is also an opportunity to acquire two existing leases of 125 years from February 2007 as both apartments and the freehold are in the same ownership, let on assured periodic tenancies, the whole providing a rent roll of in excess of £46,000.

£12,000 pax in rent by way of an Fri lease comprising self-contained shop premises currently used as a long-established ladies’ hairdressers. A private street entrance leads to ground floor and first floor apartments.
Residential income/ tenure

Flat 1 – 34 M2 1-bed garden flat let at £1400 pcm. Assured periodic tenancy.
Flat 2 – 50 M2 1-bed first-floor flat let at £1450 pcm. Assured periodic tenancy.

Ground rents £100 pa for the first 33 yrs, £200 pa for the next 33 yrs, £400 pa for the final years of the term.

EPC: Commercial Premises - Band B

price: £200,000 for the freehold interest and benefit of the shop lease income.
£745,000 for the entire freehold shop and two leasehold apartments.

Viewing: Strictly by appointment through Milestone Commercial.