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FOR SALE FREEHOLD INVESTMENT.
SHOP AND 2-BEDROOM APARTMENT OVER - PROVIDING AN ESTIMATED GROSS INCOME OF £45,500 PA WHEN FULLY LET. BOLDLY LOCATED IN THE HIGHLY AFFLUENT AND EVER DESIRABLE TEDDINGTON HIGH STREET.
Enjoying a convenient town centre position adjacent to the town carpark and part of the excellent shopping facilities, cafes, bars and restaurants and professional services on offer. Major bus routes and Teddington station are close to hand. Within a short drive is the A316 which in turn provides swift access to the M3, M25, Heathrow Airport and City Centre.
Rarely available unbroken freehold investment comprising a recently vacated shop (53M2 GIA) ready for occupation at an estimated rent of £25,000 PAX in the heart of Teddington. Forming part of a period parade of similar shops and professional services in the ever-popular, highly affluent residential riverside suburb of the London borough of Richmond Upon Thames. Alternatively suitable for owner occupation.
A separate entrance leads to a 2-bedroom flat, professionally let and managed on an AST until March 2024 at a current rent of £1695 per calendar month.
Early viewing is highly recommended as shop investments in Teddington rarely come to market.
ACCOMMODATION:
Retail shop let offered at £25,000 per annum exclusive on a full repairing and insuring basis. 53M2. 2-bedroom apartment on the same title (no long lease in place) let at £1695 PCM on an AST dated to March 2024.
TENURE: freehold sale, the property is not elected for VAT.
PRICE: £795,000.
VIEWING: Strictly by appointment through joint sole agents Milestone Commercial/ Chase Buchanan.
COMMERCIAL ENERGY PERFORMANCE: . Band E Residential, C for the commercial premises.
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