15 Broad Street
Teddington, TW11 8QZ
| Property Type | Investments |
| Tenure | For Sale |
| Size | 826 sq ft |
| Price | £325,000 |
| Business Rates | £8,857.25 per annum This is for the Ground Floor only. |
| Service Charge | Upon Enquiry |
| Energy Performance Rating | This property has been graded as C (68) |
Prominent Retail Investment Opportunity
Key Points
- Current Combined Rental Income of £20,160 per annum exclusive
- Fixed £500 pa rental uplifts on each anniversary of term until March 2027
- Prominent Location
- Nearby Occupiers include Tesco, Caffe Nero, Boots, Costa Coffee
- Subject to Contract
Description
The property comprises part of a terrace and is brick built under a pitched and tiled covered roof. It is arranged on three floors with the ground floor being used as a restaurant and takeaway, with kitchen, ancillary a cold store and WC facilities and then there are 2 upper residential flats (sold off on long leasehold interests) with their own access from the front of the property.
Available area
The subject property comprises of the following floor areas. Please note, there were parts of the Ground Floor which could not be accessed and therefore have not been included in the below area. This area also does not include the 2 upper flats which have been sold off.
| Name | sq ft | sq m |
|---|---|---|
| Ground | 826 | 76.74 |
| Total | 826 | 76.74 |
Location
The subject property is located on Broad Street, which is located approximately 0.7 miles from Teddington train station, 6 miles from the M3 and 10 miles from Junction 12 of the M25.
Terms
Sale of the Freehold interest. The Title Register reference is MX198702.
Lease Information
The lease for the ground floor dated 25th March 2014 expires on 24th March 2029 and benefits from the security of tenure provisions within the Landlord and Tenant Act 1954. The current rent is £20,000 per annum exclusive (pax), with fixed rental uplifts to £20,500 pax from 25th March 2025, £21,000 pax from 25th March 2026 and £21,500 pax from 25th March 2027. The permitted use is as a restaurant or takeaway, or for any other use falling within Class A3 or A5 of the Town and Country Planning (Use Classes) (Amendment) (England) Order 2010.
The 2 upper flats have been sold off on a long-leasehold basis. Flat 1 pays a peppercorn rent and their leasehold interest runs to 24th March 2174. Flat 2 has a 99 year leasehold interest from 25th March 1985 and currently pays a ground rent of £160 per annum, increasing to £240 per annum on 25th March 2051.
Curchod & Co can provide further lease documentation upon request.
Legal Costs
Each party to be responsible for the payment of their own legal costs incurred in the sale.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
