SOLD: Mixed use commercial investment opportunity

FOR SALE

ATTRACTIVE MIXED USE COMMERCIAL RETAIL AND RESIDENTIAL FREEHOLD INVESTMENT OPPORTUNITY
IN POPULAR THAMES SIDE TOWN OF SHEPPERTON MIDDLESEX

DETACHED BUILDING COMPRISING 2 RETAIL UNITS, 3 BEDROOM FLAT
REAR PREMISES AND YARD WITH SEPARATE ACCESS.

ALL LET CURRENTLY PRODUCING £ 33,000 PER ANNUM FROM TWO LETTINGS

SCOPE TO ENHANCE RENTAL INCOME AND VALUE. LEASES CURRENTLY HOLDING OVER WITHIN 1954 LANDLORD AND TENANT ACT.

92 & 94 HIGH STREET SHEPPERTON MIDDLESEX TW17 9AU.

Location
The unit’s front Shepperton High Street and form part of a parade at the southern end with a diverse range of trades with good occupancy levels.

Accommodation
The two shops are independent self-contained units with own services. The flat included with 92 is at first floor level and runs over both 92 and 94, it is accessed via 92.

No 92 Ground Floor shop
Retail sales
Rear Stock room,
Outside WC and Wash room

First Floor Flat
Entrance Hall
Lounge, Kitchen breakfast room, three Bedrooms Bathroom, gas fired central heating.

No 94
Ground floor shop
Retail sales
Ancillary Stores,
WC
Rear Yard

TENANCIES
No 92 was originally let under a full repairing and insuring lease dated 2nd May 2003 for a term of 8 years expiring 1st May 2011, tenant remains in occupation holding over under the 1954 Landlord and tenant Act Trading as dry cleaners personal surety and rent deposit
The tenant occupies the flat and has indicated a willingness to sign a fixed term tenancy subject contract.
Currently paying a rent of £15,000 per annum

No 94 originally let under a full repairing lease dated 5th August 1982 for a term 25 years expiring 8th September 2006. The current tenant took a formal assignment some years ago and now remains in occupation holding over under the 1954 Landlord and Tenant Act. Trading as a Home DIY hardware shop long established business. Personal surety.
Currently paying a rent of £18,000 per annum

Energy Performance Certificate (Full epc report available) in summary;
No 92 Shop D 87
No 92a Flat D 59
No 94 Shop C 60

Rateable Values
No 92 RV £7,800
No94 RV £15,250
Flat 92 Council Tax band C

PRICE Best Offers invited, Guide price £650,000, (offer above or below the guide price may be received guide is not an indication of actual price.) we are informed VAT will Not be payable no election has been made.
Title and leases, the property is held freehold under title SY519696 a copy is available together with copies of the leases referred above by email request together with EPC. PLEASE NOTE whilst there is a gate in the side fence at rear of 92 into adjoin yard no rights exist and non are claimed.

Viewing. By appointment please. Email jsadler@claudwaterercommercial.com or tel 01932579780

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John F Sadler MRICS 07956 987801 // jsadler@claudwaterercommercial.com