Mixed use freehold invesment for sale in Whitton

This property is marketed by:
Martin Campbell

Key Features

• 891 sq ft (82.81 sq m) 
• High Street Location 
• Retail & Residential Investment 
• Freehold Investment 

Price: OIEO £630,000 

The ground floor retail premises is let on a lease for a term of 15 years from 15th October 2021 at a passing rent of £23,000 pax. There is an option for the tenant to terminate the lease at the end of the 5th and 10th years. The lease is subject to 5 yearly rent reviews. The first floor flat is let on an AST and is currently paying £1,200 per calender month 

Location

Whitton is a busy suburb situated approx. 9 miles south west of central London and close to Twickenham. The A316, which leads directly to the M3, is within a short drive. Whitton Station provides regular services to London Waterloo, Richmond, Clapham Jct. and Windsor. The High Street has a good mixture of multiple and individual retailers. These include Sainsburys, Boots, Tescos, Costa and Lidl. 

Description

The property comprises a two storey building of brick construction under a pitched tile roof. The premises forms part of a terrace in the busy section of this High Street. The ground floor is currently trading as Fireaway, a takeaway and dine in pizza outlet. They operate on a franchise basis, with over a 160 shops in Britain. The first floor flat, accessed from the rear, comprises reception room, 2 bedrooms, kitchen and bathroom.