Overview

Fully Let High Street Investment opportunity For Sale - Circa 8% yield

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  Description
  Freehold High Street investment opportunity
  The property comprises ground floor commercial space and part of the first floor to the rear, the first floor unit to the front is not part of sale and is under separate ownership. Currently occupied and trading as a Nail / Beauty parlour.

  Location
  Situated within a busy mixed use parade:
  Road Networks
  Walton-on-Thames boasts excellent road connections, with its proximity to major routes enhancing its accessibility:
  A308 and A309: Located nearby, providing convenient local access
  M3 Motorway: Easily accessible, facilitating longer-distance travel
  A3: Links to the M25 orbital motorway and Central London
  
  Rail Services
  The town's transportation options are further bolstered by its robust rail links:
  Walton-on-Thames Station: Offers regular train services
  Destination: London Waterloo
  Journey Time: Approximately 25 minutes

  Lease
  We understand the property to be let on the below terms (lease and supporting docs to follow)
  - 15 yr FRI Lease inside L&T from 7th November 2023 with a passing rent of £28,000 per annum
  - Break clause: 6th November 2028 - Rent review: November 2030

  Planning
  Use class E
  Future development possible subject to planning to convert the rear into residential

  Terms
  Guide Price £400,000

  Viewings
  Contact Sole Agents Christopher St James 020 8296 1270