CITY PLUMBING SUPPLIES, 159 STANLEY ROAD, TEDDINGTON, MIDDX, TW11 8UF
Disposal of a trade counter and showroom investment.
- Located in Teddington, an affluent suburb in South West London.
- Prominent corner site on main thoroughfare.
- New 15 year, FRI lease (without break), from June 2019, to City Plumbing Supplies Holdings Ltd (a Travis Perkins plc subsidiary).
- Initial rental – £12,000 pa.
- 5 yearly upward only rent reviews to Market Rental.
- Reversionary value for retail use
- Alternative use as residential with potential for a substantial increase in value on VP (subject to planning).
- Price: OIEO £235,000, exclusive of VAT
- Initial Yield – 4.98% (net of Purchaser’s Costs).
- Subject to Contract