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Milstone Residential
  • Criterion Buildings
  • Criterion Buildings
  • Criterion Buildings

Criterion Buildings, Portsmouth Road, Thames Ditton
£510,000

Freehold investment for sale. Fully-let shop (to excellent local covenant as part of an extended ceramic tile showroom) with 2 x studio apartments over in need of renovation with the benefit of vacant possession.

Property Details

 

2 CRITERION BUILDINGS, THAMES DITTON, SURREY, KT7 0SS

 

Freehold investment for sale. Fully-let shop (to excellent local covenant as part of an extended ceramic tile showroom) with 2 x studio apartments over in need of renovation with the benefit of vacant possession.

 

 

Located on the A307 Portsmouth Road connecting Kingston Town centre with Surbiton and Thames Ditton. Forming part of a high-visibility secondary parade of mixed retail units and supporting services & car showrooms. Close to the River Thames, the parade serves an affluent residential neighbourhood. Thames Ditton mainline stations are within a short walk and in addition major bus routes pass the door.  By car the A3 is within a short drive and in turn provides swift access the M3, M25, Heathrow and City Centre.


 

2 CRITERION BUILDINGS, THAMES DITTON, SURREY, KT7 0SS

 

Freehold investment for sale, existing business unaffected. Benefitting from two studio apartments over in need of refurbishment,  the shop is let on a secure lease dated 2012 for 12 years to a long-established retail and trade ceramic tile importer at a current passing rent of £10,400 per annum exclusive, review in 2016. The two studios are in need of refurbishment being separately accessed from the rear service-road leading to a secure yard and external staircase. Being located close to the University of Kingston campus this is an ideal opportunity to provide much needed residential accommodation.

 

Studio 1

Kitchen Diner                                               some 15ft 03  

Bedroom                                                        some 30’ 06

 

Studio 2

Kitchen Diner                                               some 15ft 03  

Bedroom                                                        some 30’ 06

 

SHOP LEASE: FRI granted in 2012 for 12 years to a long-established retail and trade ceramic tile importer due for review in 2016.     

 

CURRENT RENT: £10,400 per annum exclusive for the shop

            

SALE PRICE:    The freehold and associated shop lease is available for £510,000.

 

ENERGY PERFORMANCE: An EPC has been commissioned.

 

VIEWING: strictly by appointment through owner’s Agents- milestone commercial 020 8977 5817

 

           

 

The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended tenant or purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. or our clients. All figures ex-vat where applicable.

 

MILESTONE COMMERCIAL- OPEN FOR BUSINESS

Arrange a Viewing for
2A Criterion Buildings, KT7 - £510,000

Property Location

Fees

BEFORE YOU MOVE IN:

Set up fee - £400.00 (plus VAT) for up to two tenants

Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement

Additional Tenant Fee - £60.00 (inc VAT) per tenant

Processing the application, associated paperwork and referencing

Guarantor Fee - £60.00 (inc VAT) per guarantor (if required)

Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement

Permitted Occupier Fee - £25.00 (plus VAT) per permitted occupier

Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy

Pet Deposit - Returnable additional Security

Deposit of two weeks rent. To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy


DURING YOUR TENANCY:

Amendment Fee - £50.00 (plus VAT)

Contract negotiation, amending terms and updating your tenancy agreement during your tenancy

Renewal Fee (tenant’s share) - £50.00 (plus VAT)

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement


ENDING YOUR TENANCY:

Check out Fee (tenant’s share) - dependant on size of property

Future Landlord Reference Fee - £0 (inc VAT) per reference request

Collating information and preparing a reference for a future landlord or letting agent

Unpaid Rent / Returned Payments - Interest at 8% above Bank of England Base Rate from date due


IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF