|Location:||7 The Broadway, Kingston Road, Staines, Staines, TW18|
|Size:||84.73 SqM | 912.00 SqFt|
|Status:||Freehold For Sale|
The property is situated in a busy local parade and comprises a ground floor shop with a net sales area of 912 sq ft.
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 from 30th September 2005 @ £20,000 pax 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 is £20,150 per annum.
Offers are invited in the region of £300,000.