CITY PLUMBING SUPPLIES, 1 PARK ROAD, HAMPTON HILL, HAMPTON, TW12 1HE
Disposal of a trade counter investment.
- Located in Hampton Hill, an affluent suburb in South West London.
- Prominent site on main thoroughfare (A313), close to the High Street, adjoining a substantial residential property.
- New 15 year, FRI lease (without break), from June 2019, to City Plumbing Supplies Holdings Ltd (a Travis Perkins plc subsidiary).
- Initial rental – £26,500 pa.
- 5 yearly upward only rent reviews to Market Rental.
- Possible alternative use with potential for a substantial increase in value on VP (subject to planning).
- Price: OIEO £510,000, exclusive of VAT
- Initial Yield – 4.96% (net of Purchaser’s Costs).
- Subject to Contract