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Agent's details

Ground Floor, Pioneer House, 9 Church Street

For sale: POA|546 - 1,104 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE546 - 1,104 Sq Ft
ADDRESSGround Floor, Pioneer House, 9 Church Street, Walton On Thames, KT12 2QP
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON9th July 2021

Description

Key Points

  • Both units let on 10 year leases
  • Town centre location
  • New build
  • Total income £41,000 per annum
  • Summary

    Two retail investments

    Description

    The investment comprises two ground floor retail units with glazed frontage, situated within a recently constructed three storey building with four residential flats above. Unit 1 is currently occupied by JK Nails (Slough) Limited at a rent of £22,000 per annum on a 10 year lease which commenced on 16th July 2019. Unit 2 is currently occupied by Mehmet Ali Limited at a rent of £19,000 per annum on a 10 year lease which commenced on 29th January 2020.

    Location

    The property is situated in a prominent location close to the traffic light junction with Bridge Road and High Street within Walton on Thames town centre opposite Barclays Bank. Other nearby national retailers include Marks & Spencer, Coral Bookmakers and the Nationwide Building Society. Aldi has just opened a store in the space formerly occupied by Carpetright.

    Terms

    The premises is available by way of a new 999 year lease at a peppercorn ground rent.

    Legal Costs/VAT

    Each side to be responsible for the payment of their own legal costs incurred in the transaction. Prices are quoted exclusive of VAT which may be charged.

    Location

    marker
    Location: Ground Floor, Pioneer House, 9 Church Street, Walton On Thames, KT12 2QP

    Heathrow Terminal 4 (5.2 miles)

    Hatton Cross (5.5 miles)

    Heathrow Terminals 123 (6.0 miles)

    Walton-on-Thames (1.0 miles)

    Shepperton (1.4 miles)

    Hersham (1.5 miles)

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