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.
Opposite Barclays Bank, Marks & Spencers and Coral Bookmakers
Close to the traffic light junction with Bridge Road and High Street
Can be taken as a single unit or divided to suit
The property benefits from inset LED lighting, wc facilities and store/staff office
New retail unit
Listed Features
- Office
- High Street
- Glazed Frontage
- General Retail
- Effective FRI Lease
