50, 52 & 54 High Street, Staines-upon-thames
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- SIZE
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- SECTOR
Commercial property for sale
Key features
- Prime Retail Investment Opportunity
- Parade of Three Units
- Fully Let - Producing £106,410 per annum
- Fixed Rental Uplifts
- WAULT of 5.9 Years to Expiry
- Tenants Include Subway and Ryman
- Pedestrianised High Street Location
- Guide Price Reflects 8.5% Gross Yield
- Gross Reversionary Yield of 9.5% after Uplifts
Description
Arranged as three retail units, the property is fully let to three tenants, producing a total annual rent of £105,410 per annum. All the leases include fixed rental uplifts and the investment as a whole boasts a Weighted Average Unexpired Lease Term (WAULT) of 5.9 Years to expiry.
No. 50 is let to Safa Associates Limited (t/a Subway) on a lease expiring 12/06/2032 and paying £35,000 per annum. The lease includes annual fixed uplifts, with the next uplift due prior to completion of the sale (13/07/2024).
No. 52 currently comprises two retail units, but is let on a single lease to private individuals, we understand the current tenant has split and sublet the unit. The current lease is for a term of years expiring 11/10/2030 and paying £28,410. The lease includes three yearly rental uplifts equivalent to 3% per annum compounded with the next review due 12/10/2026.
No. 54 is let to Ryman Limited on a lease expiring 29/03/2028 and paying £42,000 per annum. The lease includes fixed uplifts with the next due 29/03/2025.
The property occupies a prime pitch in the centre of the pedestrianised High Street, the property sits between two popular side streets and opposite the North Mall, nearby occupiers include Iceland, McDonalds, Caffe Nero and Waterstones.
50, 52 & 54 High Street, Staines-upon-thames
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Staines Station0.4 miles
- Egham Station1.6 miles
- Ashford Station1.9 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
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