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The property comprises a high yielding industrial investment opportunity with evident asset management potential.
Arranged as 4 x railway arches with a boathouse, the property is let to J. Tims and Sons Limited on a 18 year lease which expired 01.01.2015 and paying £5,950 per annum. We understand the tenant is continuing to occupy the premises and pay rent and is therefore holding over.
We therefore consider the property may offer asset management potential via renewal of the lease and improvement of rent. We understand the 2021 and 2024 rent reviews are currently outstanding, offering further asset management opportunities.
The property occupies a unique position on Staines riverside and is accessed from Coopers Close. The surrounding area is characterised by similar light industrial uses.
Tenure
Leasehold - Approx. 143 Years Unexpired - Please Refer to Legal Pack
Rent
Notes
Please note any areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been inspected by Savills. Prospective purchasers must rely upon their own enquiries. Please refer to the legal pack.