Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity forming part of a popular local parade.
Arranged as a ground floor retail unit with office/ancillary space to the first floor, the property is fully let to a tenant trading as Thames Angling on a lease expiring December 2027 and paying £12,000 per annum.
We consider the property offers evident asset management potential via improvement of the rent. We understand the adjacent 13/13A Feltham Road is let for £27,170 per annum.
The upper parts may be suitable for conversion to alternative uses, including residential (subject to the existing lease and any requisite consents).
The property occupies a prominent pitch on an arterial route close to the junction of Feltham Road, the B378 and the B3003. The surrounding area is characterised by a mix of local retailers and residential uses, with the subject property forming part of the principal local retail amenity.
Tenure
Freehold
Tenancy
The property is let to a tenant trading as Thames Angling on a lease expiring December 2027 and paying £11,000 per annum.
The lease includes fixed rental uplifts, with the next uplift being to £12,000 per annum in December 2025. The Vendor will "top up" the rent to this level from completion.
The lease is on full repairing and insuring terms and includes a tenants break option in 2026. The lease is also outside of the Security of Tenure provisions of the Landlord and Tenant 1954 Act.
Rent