CITY PLUMBING SUPPLIES, 17-19 WINCHESTER ROAD, WALTON ON THAMES
Disposal of a trade counter and showroom investment.
- Modern trade-counter and showroom investment, build 2016.
- Located in Walton-on-Thames, an affluent South West London commuter hub and commercial centre.
- Town centre location – 0.61 acre site.
- New FRI lease for 15 years, (without break), from 1st June 2020, to City Plumbing Supplies Holdings Ltd (a Travis Perkins plc subsidiary).
- Initial rental – £65,000 pa (£11.00psf), payable monthly in arrears.
- 5 yearly upward only rent reviews to Market Rental.
- Low initial rental with realistic prospects of uplift at review.
- Price: OIEO £1,360,000, exclusive of VAT.
- Initial Yield – 4.50% (net of Purchaser’s Costs).
- Subject to Contract.