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COMMERCIAL 020 8977 5817
LETTINGS 020 8977 1066

Milstone Residential
  • High Street
  • High Street
  • High Street

High Street, Shepperton
£275,000

128-130 HIGH STREET, SHEPPERTON, MIDDLESEX, TW17 9BG     LONG-LEASE INVESTMENT FOR SALE. Long-established tenants retained. Existing business unaffected.   Leasehold double-shop investment with secure FRI lease to a well-established bathroom showroom and ceramic tiles suppliers in a locally supported High Street location. Suitable for SIPP or corporate investment. Income of £20,000 per annum with a built-in rent increase for 2020 to £22,000. NB this property sale is currently subject to VAT.

Property Details

Located at the South end of Shepperton High Street (B376) and supported by a range of local independent retailers, the double shop unit provides trade counter retail services in a desirable suburb of Greater London.  Unrestricted parking is available at the kerbside. Shepperton Mainline Station (London Waterloo stopping service) is within a short stroll. By car the A3 is within a short drive and in turn provides swift access to the M3, M25, City Centre and Heathrow.

DESCRIPTION:  EXISTING BUSINESS UNAFFECTED.  High Street investment suitable for personal pension plans as unencumbered by residential ground rent. The recently refurbished shop occupies a bold main road trading position as a double shop unit. The shop is let to a well-established and supported bathroom and ceramic tile supplies business which has been in situ for 12 years on a secure lease.  There is a built-in rent increase to £22,000 on the 1stJanuary 2020.

 

The premises consist of interconnecting A1 lock-up shops providing a total floor are of 100 M2 of retail and additional stores and WC facilities.  The sale is subject to VAT.

 

ACCOMMODATION:  Gross internal area of some100 M2 

 

HEAD LEASE:               For a term of 125 years dated 2010.

 

SUB LEASE:   A full repairing and insuring lease granted for a term of 15 years from 2010.

 

RENT:  £20,000 per annum exclusive rising to £22,000 in January 2020.

 

PRICE/TENURE: £275,000 plus VAT for the long-lease interest.  

 

GROUND RENT:   £300 per annum payable by the long-leaseholder.

 

Commercial Energy Performance. Certificate rated at band E

 

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

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130 High Street, TW17 - £275,000

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