Property Details

96-98 High Street

96-98 High Street, Shepperton, Surrey, TW17 9BB

2,179 sq ft (202 sq m)

Freehold Investment—For Sale

Location

96-98 is located at the southern end of Shepperton’s shopping area which offers a range of shops, restaurants and other local amenities including Costa, Prezzo and Sainsbury’s.
Shepperton over ground station provides regular services to London Waterloo. Road communication is excellent, with Junction 1 of the M3 and Junction 11 of the M25 less than 2-4 miles distant.

Description

The site comprises a two storey building providing two separate shop units with independent offices above on the corner of High Street and Glebeland Gardens. There are 4-5 car spaces within the lease which are accessed from Glebeland Gardens.
96a High Street is an EPC D and 96-98 High Street is EPC G.

Opportunity

The property has substantial potential for increased income and/or residential conversion (subject to planning consent) on expiry of the current leases in 2020.
The current total income equates to £25,000 per annum exclusive.

Terms

TENANCIES
The sale will be subject to the following tenancies:

96a High Street - let to K A Hanlon and J C Mullen for 5 years expiring 4th March 2020 at £5,000 per annum (security of tenure on expiry excluded).

96-98 High Street - let to New Daffodil Limited (trading as Your Move) for 5 years expiring 24th December 2020 at £20,000 per annum. A small part of the first floor is sublet by New Daffodil to M J Jenkins for a term expiring 20.12.2020.

Under both leases the tenant is responsible for internal repairs and all outgoings including a contribution towards the landlord’s costs of repairing the exterior of the
building and arranging building insurance.

Floor Areas

Floorsq ftsq mStatus
96A (Ground floor shop)330 sq ft31 sq mAvailable
96-98 (Ground floor shop)898 sq ft83 sq mAvailable
96-98 (First floor offices)954 sq ft89 sq mAvailable
Total2,182 sq ft203 sq m

Features

  • +Current leases expire 2020
  • +Total existing income £25,000 per annum
  • +Potential for residential conversion (STP)
  • +Rear yard with parking for 4-5 cars

Location

Viewing

Steve New

Elliot McNish

Information

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