Property description
The opportunity comprises of a ground floor retail premises in a recently refurbished condition that is let on a 10 year lease from 11th March 2015 at a passing rent of £14,000 per annum. The property is situated in a prominent main road position on Cheam Common Road towards the south east end of Worcester Park High Street (central road). Cheam Common Road is an arterial route running through the centre of Worcester Park and benefits from good communication links by road, rail and bus services. Worcester Park is a predominantly residential area surrounded by other towns, including Kingston upon Thames, Wimbledon, Epsom and Sutton all within a 4 mile radius. Specification includes electric roller shutter, gas central heating and conservatory style shop front with kitchenette area to the rear and a separate disabled WC. A three month rent deposit (£3,500) held as security and there is a tenant break option at expiration of the fifth anniversary of the term. The ground floor retail premises is for sale by way of a new 999 year lease. The freehold may be available with the two bedroom maisonette above which is currently let on an AST at a rent of £1150 pcm at a guide price of £500,000.
Property Features :
- RETAIL INVESTMENT OPPORTUNITY
- CURRENTLY PRODUCING £14,000 PER ANNUM
- LONG UNEXPIRED LEASE TERM
- A1 (RETAIL) UNIT
- MAIN ROAD LOCATION