Instructions

CITY PLUMBING SUPPLIES, 1 PARK ROAD, HAMPTON HILL, HAMPTON, TW12 1HE

SALE

Details:

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.
  • Freehold.
  • 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

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