82 High Street, Teddington, London, TW11 8JD

  • Investment
  • o
  • 912 Sq ft
  • o
  • For Sale
  • o
  • £350,000 (No VAT)

Key points

  • Mixed Use Freehold Property
  • Ground Floor Retail & Long Leasehold Flats Above
  • 84.73 sq. m. / 912 sq. ft
  • Producing £20,900 p.a. 

Location

The property is located within what would be considered the “town centre” of Teddington; just on the edge of the prime retailing area. The town centre is mixed use comprising of a variety of retail, office, restaurant and residential accommodation formed of both national and local occupiers. The mainline station is located within walking distance and there are bus stops immediately adjacent.

Description

82 High Street is a mid-terrace three storey building (plus basement) with brick elevations and a pitched, tiled, roof. The ground floor and basement form a single commercial unit; with the rear ground floor and upper parts forming six self-contained flats.

Accommodation

The accommodation is approximately:

Ground Floor    
Retail

84.73 sq. m.

912 sq. ft.
Upper Parts    
x6 long leasehold flats    

Tenure

The Freehold of the property is available.

Price

£350,000 for the Freehold interest (no VAT).

Income

£20,900 p.a.

EPC

Rating: C - 68

Rates

Shop:

Rateable value: £19,913

Rates Payable: £9,936.59 (2019/2020)

Legal Costs

Both parties to bear their own legal costs incurred in the transaction.

Tenancies

The ground floor shop is let on a 10 year lease from 4th December 2019 at £20,000 p.a. It contains a Tenant Only option to break and Open Market Rent Review after 5 years.

We understand that the 6 long leasehold flats above are held on identical 125 year leases from 2003 (108 years unexpired) with Ground rents of £150 p.a. stepping up every 25 years (£250 p.a. in 2028).

Viewing

Strictly by appointment with the sole agents 

Alex  Bellion

Alex Bellion
BSc (Hons) MRICS
07971 756068

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