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Comprises three-storey retail & office building. The ground floor provides two retail units fronting Prince of Wales Road t/a Barber Shop (No.18) and Restaurant (No.20). The first and second floor provides self-contained office accommodation. Each floor benefits from lift access and its own utilities, providing the following accommodation and dimensions:
Ground Floor Shop No.18: 91 sq m (979 sq ft)
Ground Floor Shop No.20: 110 sq m (1,185 sq ft) First Floor Office: 180 sq m (1,937 sq ft) Second Floor Office: 180 sq m (1,937 sq ft)
Total GIA: 561 sq m (6,038 sq ft)
Permitted development potential of the first and second floor, subject to obtaining the necessary consents.
Accommodation
Ground Floor Retail - 2,164 sq ft (201.04 sqm)
First Floor Office - 1,937 (179.95 sqm)
Second Floor Office - 1,937 sq ft (179.95 sqm)
Total - 6,038 sq ft ( 560.95 sqm)
Tenancy
Shop No.18 is at present let to KH249 Ltd (with personal guarantee) for a term of 10 Years from 1st May 2026 at a current rent of £16,500 per annum and the lease contains full repairing and insuring covenants. Rent review every 3 years linked to RPI. Tenant option to determine on the 3rd and 6th anniversary with min 6 months notice. Deposit held of £4,000.
Shop No.20 is at present let to KD Vada Pav Ltd (with personal guarantee) for a term of 10 Years from 19th March 2026 at a current rent of £20,000 per annum and the lease contains full repairing and insuring covenants. Rent review in the 5th year open market upward only. Tenant option to determine on the 5th anniversary with min 6 months notice. Deposit held of £5,000.
The first and second floor offices are at present vacant. ERV: £20,000 p.a.
Rent
Notes
Please note the 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 internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.
Please refer to the legal pack. Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.