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Retail Unit 2, Pioneer House, 9 Church Street, Walton on Thames, KT12 2QP

546 Sq Ft / Retail

Withdrawn - Last updated: 30 November 2022

Summary

Town centre new retail unit


Location

The shop premises is situated in a prominent location close to the traffic light junction with Bridge Road and High Street within Walton-On-Thames town centre opposite Barclays Bank. Other nearby national retailers include Marks & Spencer, Coral Bookmakers and the Nationwide Building Society.


Description


The property comprises a new ground floor (A1/A2) retail unit with a glazed frontage, located within a recently constructed three storey building with four residential flats above. The property is ready for immediate occupation as a single unit with rear access. The property benefits from inset LED lighting, WC facilities and a store/staff room.

Terms


The premises are available by way of a new effective Full Repairing and Insuring lease for a minimum term of 5 years. Alternatively, the virtual freehold (long leasehold interest) is available for a term of 999 years at peppercorn ground rent at a cost of 295,000. The entire ground floor including Retail Unit 1, which is let to JK Nails (Slough) Limited for 10 years from 15 July 2019 at a rent of 22,000 per annum, exclusive. There is an upward only rent review at the end of the fifth year. The lease has been contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954, as amended.

Legal Costs/VAT


Each side to be responsible for the payment of their own legal costs incurred in the letting.Prices are quoted exclusive of VAT which may be charged.


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