15-17 Church Street

Staines-upon-Thames, TW18 4EN

15-17 Church Street, Staines-upon-Thames, Investment For Sale - Frontage.jpg
15-17 Church Street, Staines-upon-Thames, Investment For Sale - Street View
15-17 Church Street, Staines-upon-Thames, Investment For Sale - Frontage.jpg
15-17 Church Street, Staines-upon-Thames, Investment For Sale - Street View
Great lot size
Property Type Investment
Tenure For Sale
Size 1,310 sq ft
Price Offers in excess of £500,000 No VAT payable
Business Rates n/a
Service Charge n/a
Energy Performance Rating This property has been graded as D (78)

Property Investment for sale in the attractive Church Street conservation area close to the High Street and The Two Rivers

Location

In a prime popular town centre one way street leading within short distance to Clarence Street and the High Street offering a range of quality offices and retail premises with a mix of lawyers, estate agents, hairdressers a pub and takeaway restaurants in a vibrant section of one of the oldest parts of the town, close by to Market Square.

Nos 15 to 17 are between Tops Pizza and a long established barbers on the corner of Goring Square. The terrace backs onto The Two Rivers with pedestrian access from Goring Square and The Two Rivers pedestrian bridge over The River Colne.

Key Points

  • Long term tenants
  • Beneficial ground floor A3/ A5 use
  • Busy feeder street with excellent occupancy record

Available area

The accommodation comprises of the following

NameSq ftSq mAvailability
1st - Accountant's Office 445 41.34 Available
Ground - Restaurant / Takeaway 865 80.36 Available
Total1,310121.70 

Description

The property comprises ground and first floor commercial premises. The ground floor used to trade as The Salt & Vinegar Traditional Fish and Chip Shop, which changed hands a few years ago and currently trades under one tenant as Salt and Vinegar and The Burger Zone. The first floor is occupied by S.M. Armstrong & Co accessed via an external entrance. There is a possibility of extending the first floor, subject to obtaining the appropriate Planning Consent.
NOTE The sale does NOT include 19 Church Street which trades as Kierans Barber Shop, nor does it include the office above 19 Church Street.

Terms

The freehold is available. VAT is not applicable.
Offers are invited in excess of £500,000 - subject to contract and financial status.

Tenancies

Ground Floor
Rent: £25,000 p.a.x. The ground floor was originally let to Kleanthis Praos now assigned to Beverly Edhi, 19th December 2014, subject to a rent deposit of £6,250. The lease is for a term of 15 years from 19th February 2014 subject to 5 yearly upward only rent reviews. The use is Class A3 and A5 restaurant / takeaway. The repairing obligations are, substantial repair. The lease is held within the Security of Tenure under The Landlord & Tenant Act (1954 as amended).

First Floor
Rent: £10,000 p.a.x. The first floor is let to Stephen Armstrong subject to a £2,500 rent deposit. The lease is for a term to 31st December 2025. The use is as offices. The repairing obligations are to keep the exterior porch door and interior in good and tenantable repair as evidenced photographically. The office was is in a good state of repair when taken and is fully evidenced in the lease. The lease is contracted outside of the Security of Tenure under The Landlord & Tenant Act (1954 as amended).

Market Summary

Christopher Thomas act for a large number of Staines town centre landlords and have recently let 39 Clarence Street and 5 to 7 Clarence Street, both nearby. Market demand for retail premises and smaller offices remains strong. Premium rents are generally attributable in particular to A3/A5 premises. Do contact us to discuss the subject property and the overall market in more detail or our joint agent John Butters, Butters Associates on 01784 530226

Christopher Thomas Assoc RICS and RICS Registered Expert Witness