Instructions

CITY PLUMBING SUPPLIES, 159 STANLEY ROAD, TEDDINGTON, MIDDX, TW11 8UF

SALE

Details:

Disposal of a trade counter and showroom investment.

  • Located in Teddington, an affluent suburb in South West London.
  • Prominent corner site on main thoroughfare.
  • Freehold.
  • 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

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City Plumbing Supplies, 159 Stanley Road, Teddington, Middx, TW11 8UF