An excellent opportunity to acquire the remainder of an existing lease on a well-positioned retail unit in the highly sought-after and pedestrianised Church Street, in the heart of Twickenham.
Benefits from a versatile Class E use, making the property suitable for a wide variety of retail, office, leisure, beauty, and service-based operators (subject to any necessary consents).
Location
Situated in the highly sought-after, pedestrianised Church Street, in the heart of Twickenham, this prime location benefits from strong footfall and a vibrant atmosphere. The area is renowned for its charming, idyllic character and is a popular destination for independent retailers, cafés, and traders.
Church Street is one of Twickenham's most desirable retail destinations, renowned for its charming character, independent businesses, and strong pedestrian footfall. The property further benefits from excellent accessibility, with a public car park located directly behind the premises and a pedestrian cut-through providing convenient access to Church Street.
Accommodation
The premises extend to approximately 537 sq ft overall, including a rear storage area.
Terms
Rent: £18,500 per annum + VAT.
Lease details: 10 year lease from 29th September 2023 to 28th September 2033. Break Option and Rent Review 28th September 2028. The lease is drafted outside the Landlord and Tenant Act 1954.
Tenure: Leasehold.
Rateable Value: The VOA website states a rateable value of £14,500 payable at the prevailing rate
Legal Fees: Both parties' legal costs to be borne by the ingoing tenant/purchaser.
Specification
- Prime position on pedestrianised Church Street
- Approximately 537 sq ft including rear storage
- Class E use
- Approximately 7 years remaining on the lease
- Rent of £18,500 per annum (Plus VAT)
- Premium sought in the region of £10,000
- Strong footfall and excellent trading location
- Public car park to the rear with direct pedestrian access
- Densely populated area