Retail investment on established parade

Key Points

• Two-storey retail unit with deveopment potential
• Well positioned on retail parade
• Let on a 6 year lease, rent passing £10,000 with reversionary potential
• Stepped rent: £10,000 rising to £11,000 in December 2024 and £12,000 in December 2025
• Rent review in December 2026

Description

The property is a two-storey E-class premises located on Feltham Road, Ashford. It comprises a ground floor retail space and a first floor office/retail area, which benefits from a rear access staircase and a ground floor rear store. The property also includes two parking spaces at the rear, accessible via an access road.

The property is let to an angling shop operator on a 6-year FRI lease, with an upcoming break option and rent review in December 2026. The passing rent is £10,000 per annum, increasing to £11,000 per annum in December 2024, and £12,000 per annum in December 2026. The lease is contracted out of the Landlord & Tenant Act 1954.

Available area

The accommodation comprises the following areas:

Location

The property is situated on Feltham Road, adjacent to the roundabout connecting Feltham Road, the B378, and the B3003. The parade is occupied by several small independent retailers.

The property is located 0.6 miles from Ashford train station, which offers regular services to London Waterloo, Weybridge, and Windsor & Eton. Junction 13 of the M25 is approximately 3.2 miles away, providing access to the wider motorway network.

Terms

Sale of the freehold interest, offers invited in excess of £188,000.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Legal Costs/VAT

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