Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a mixed-use investment opportunity occupying a prime pitch in the centre of Teddington.
Arranged as three ground floor retail units with four residential units to the upper parts. The property is fully let, with two retail units and one of the flats sold off on a long leasehold basis. The investments therefore effectively comprises a single retail unit and three flats.
The ground floor unit is let to British Heart Foundation on a 10 year lease expiring 05.10.2032 and paying £52,500 per annum.
The upper parts are let on three separate Assured Shorthold Tenancy (AST) agreements expiring 17.12.2027 and paying a combined £61,800 per annum.
The total rent is therefore £114,300 per annum. Please see the tenancy schedule and legal pack for more information.
The property benefits from a prominent frontage to Broad Street, the prime retail pitch within Teddington. The street therefore benefits from high footfall and is characterised by a number of local and national occupiers including Superdrug, Caffe Nero and a Tesco Superstore which is immediately opposite the property.
Tenure
Freehold
Accommodation
Tenancy
British Heart Foundation
British Heart Foundation is one of the UKs most recognisable charities trading from approx. 700 stores nationwide.
Planning
Whilst there are no extant planning consents, the property may benefit from development potential to the upper parts via contruction of a first and second floor above 33 Broad Street to match the aesthetic of the street (subject to obtaining the requisite consents).
Rent
Notes
We understand the property is elected for VAT. It is ancticipated the sale can be treated as a Transfer of a Going Concern (TOGC)