£1,200,000
(£2,400.00/sq. ft)
Retail premises for saleHigh Road, West Byfleet KT14
500 sq. ft
About this property
Local Parade
Development potential
An attractive opportunity to acquire a fully let mixed-use investment generating a current total annual income of £76,700.
This investment comprises two ground floor retail units forming part of a small local parade; one of the units is let to The Ironing Studio at a current rent of £15,000 per annum, while the other is occupied by a nail salon at £12,500 per annum.
To the rear of the shops is a detached commercial unit, currently let to a physiotherapist at £18,000 per annum, which also provides a potential development opportunity.
Above the shops are two self-contained residential flats, both let on assured shorthold tenancy agreements. The first flat is a one-bedroom unit let at £1,250 per calendar month, equating to £15,000 per annum. The second is a two-bedroom flat achieving £1,350 per calendar month, equating to £16,200 per annum. Parking is also available at the rear of the property.
Copies of leases can be supplied to interested parties after initial inspection.
Lease details- 100 High Road- Approximately 8 years remaining. 102 High Road- Approximately 7 years remaining. Rear of 101- 102 High Road (detached unit)- Approximately 2 years remaining drafted outside the Landlord and Tenant Act 1954.
Early viewings recommended- please do not disturb the current tenants and arrange access through Franklin Commercial only.
This investment comprises two ground floor retail units forming part of a small local parade; one of the units is let to The Ironing Studio at a current rent of £15,000 per annum, while the other is occupied by a nail salon at £12,500 per annum.
To the rear of the shops is a detached commercial unit, currently let to a physiotherapist at £18,000 per annum, which also provides a potential development opportunity.
Above the shops are two self-contained residential flats, both let on assured shorthold tenancy agreements. The first flat is a one-bedroom unit let at £1,250 per calendar month, equating to £15,000 per annum. The second is a two-bedroom flat achieving £1,350 per calendar month, equating to £16,200 per annum. Parking is also available at the rear of the property.
Copies of leases can be supplied to interested parties after initial inspection.
Lease details- 100 High Road- Approximately 8 years remaining. 102 High Road- Approximately 7 years remaining. Rear of 101- 102 High Road (detached unit)- Approximately 2 years remaining drafted outside the Landlord and Tenant Act 1954.
Early viewings recommended- please do not disturb the current tenants and arrange access through Franklin Commercial only.
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