The Broadway, Staines, TW18 Freehold For Sale £300,000


Location: 7 The Broadway, Kingston Road, Staines, Staines, TW18
Type: Retail
Tenure: Freehold
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.

 

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