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7 Broadway, Kingston Road, Staines-upon-Thames, Staines-upon-Thames, TW18

For Sale £310,000
Type: Retail
Tenure: Freehold
Size: 84.73 SqM | 912.00 SqFt
Status: For Sale

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  • Broadway
Location: 7 Broadway, Kingston Road, Staines-upon-Thames, Staines-upon-Thames, TW18
Type: Retail
Tenure: Freehold
Size: 84.73 SqM | 912.00 SqFt
Status: For Sale

Situated in a busy local parade about half a mile south of the town centre.

The premises comprise a ground floor shop with a net sales area of 912 sq ft plus 3 WCs, rear yard and vehicular rear access.

The shop is let to Ladbrokes Coral Group t/a Corals with over 3,500 shops being the largest retail bookmaking business in the UK with an annual gross profit in 2016 of £121.2M (to be confirmed).

Tenancy:  15 year lease @ £20,000 per annum exclusive from 30th September 2005 with upward only rent reviews every 5 years.

Income:  There are 2 flats above the shop which have been sold on 125 year leases - ground rents are paid totalling £150 p.a. increasing by £25 p.a. every 25 years commencing in January 2014.

Total income £20,150 per annum exclusive.

Offers in the region of £310,000  -  Gross Yield 6.5%

 

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