Withdrawn
Withdrawn Prior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 2029 and paying £12,000 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 adjacent 13 Feltham Road comprises a ground floor retail unit with residential upper parts, and is let on two separate leases at a combined £27,170 per annum. We therefore consider the subject property offers an opportunity to create a similar high yielding investment.
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 2029 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