Retail / Investment
- RETAIL INVESTMENT
- CURRENT RENTAL INCOME £22,000 PER ANNUM
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.
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.
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)
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.
Terms
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.