The Prideview GroupCOMMERCIAL PROPERTY CONSULTANTS

50/52, 54/56 & 58 HIGH STREETWHITTON, MIDDLESEX, TW2 7LT

LONDON MEDICAL, RETAIL & GROUND RENT INVESTMENT

INVESTMENT SUMMARY■ Freehold building comprising 3 shops

and 3 flats (of which 1 shop and 3 flats are sold off on long leases)

■ Total rental income of £57,100 p.a. with over 9 years unexpired lease terms (subject to break option)

■ Whitton is a popular residential suburb of the Borough of Richmond-upon-Thames, 11 miles west of Central London

■ High Street location with occupiers close by including Lidl (adjacent), Starbucks (opposite), Iceland as well as Whitton train station.

DESCRIPTIONA Freehold end of terrace building of solid bonded brickwork beneath a pitched, tile roof. Arranged over two floors, comprising 3 ground floor retail units and 3 first floor flats. 1 retail unit and the 3 flats have been sold off on long leases.

The fit out of the optician (no. 54-56) has been completed to an exceptional standard costing circa £150k. The Net Internal Area measures 2,316 sq.ft. and of this 1,027 sq.ft. to the rear of property has been sublet to a furniture retailer.

No. 50-52 is let to a home furnishing supplier who are currently in the process of completing their showroom fit out which will include a variety of kitchen and bathroom suites. The Net Internal Area measures 1,496 sq. ft.

VATThe subject property has been elected for VAT and it is anticipated the sale will be treated as a Transfer of Going Concern.

A308

A308

A3

A3

A316

A

30

7

A4

A4

A4

A3

12

A40

A 4 0

A5

A4 A4

A316

A24

A24

A3

A2

3

A214

A30

M25

M25

M4

M3

RICHMONDPARK

WIMBLEDONCOMMON

BUSHYPARK

KEWGARDENS

HEATHROWAIRPORT

LONDON

WEMBLEY

HAYES

HOUNSLOW

TWICKENHAM

WALTON-ON-THAMES

MITCHAM

ISLEWORTH

SOUTHALL

GREENFORD

WEST DRAYTON

NEW MALDEN

KINGSTONUPON

THAMES

FULHAM

ACTON

WIMBLEDON

FELTHAM

LOCATION / SITUATION

Whitton is a popular residential suburb of the Borough of Richmond-upon-Thames, forming the western part of Twickenham. 11 miles west of Central London, Whitton enjoys good road communications the A316 running through the area that leads to the M3 motorway. The M25 is a short 20 minute drive (9.2 miles) west of the town.

In 2016, the £5m redevelopment of Whitton Railway Station was completed and provides commutors with a quick, convenient journey into Central London via the London Overground (Windsor Line). Whitton’s excellent transport links are continued by its close proximity to Heathrow Airport, 4 miles to the north-east.

Just a 2 minute walk from the railway station, the property sits at the heart of the busy Whitton High Street alongside several high profile occupiers including Lidl (adjacent), Starbucks (opposite), Iceland, Tesco Express, Sainsbury’s Local, Subway, Barclays Bank and Costa Coffee.

TENANCY54/56 (NIA 2,316 sq.ft.) let to Real Eyes (Whitton) Ltd (having 8 branches across London) for a term of 10 years from 17/01/2017 FR&I at a current rent of £32,500 p.a. The tenant has recently invested ca. £150,000 on the fit-out. 1,027 sq.ft to the rear of the property has been sublet to Tribe Furnishing Store Limited (a home furnishing supplier established in 1949 who recently relocated from a retail unit on Whitton High Street). The lease is guaranteed by Real Eyes Limited, an Optician chain that has been trading since 2003. They had a net worth in 2017 of £330,023.

50/52 (NIA 1,496 sq.ft) let to a Gala Interiors Limited (with personal guarantee), a home furnishing supplier, for a term of 10 years from 11/07/2017 FR&I at a current rent of £24,000 p.a.

58 let to Co-Operative Group Ltd (t/a Co-op Funeralcare) and the 3 flats are sold off on long leases to individuals, all with 90 years remaining and for a total ground rent of £600 p.a.

ADDRESS TENANT TERM ANNUAL BREAK EXPIRY

50-52 High Street, Whitton Gala Interiors Ltd 10 years from 12/07/2017 £24,000.00 12/07/2022 12/07/2027

54-56 High Street, Whitton Real Eyes (Whitton) Ltd 10 years from 17/01/2017 £32,500.00 17/01/2022 17/01/2027

58 High Street, Whitton Co-Operative Group Ltd 99 years from 15/01/2009 £150.00 - 15/01/2108

50A High Street, Whitton - 99 years from 23/01/2009 £150.00 - 23/01/2108

54A High Street, Whitton - 99 years from 15/01/2009 £150.00 - 15/01/2108

58A High Street, Whitton - 99 years from 12/06/2009 £150.00 - 12/06/2108

TOTAL £57,100.00

NELSON ROAD

WARREN ROAD B361

WHITTO N ROAD

B

361

KNELLER ROAD

B3

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SP

ITA

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RID

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RO

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PERCY RO

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HOUNS

LOW

RD

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HIT

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POWDER MILL LANE

RU

GB

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OA

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MONTROSE AVE JUBILEE AVE

MEA

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A316

CHE

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EY R

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A316

A31

4

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305 STAINES ROAD

WHITTON

TWICKENHAMSTADIUM

Local

HI G

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N ELSO N ROA D

CO N S TA N C E RD BR IDGE WAY

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TRAN MER E RD

WHITTON

DISCLAIMERIn accordance with the MISREPRESENTATION ACT 1967, Prideview, for ourselves and for the vendors or lessors of any property for whom we act, give notice that: I. The initial marketing particulars sent by email are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. II. Prideview cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation, and other details contained within our marketing emails, and prospective purchasers or tenants must not rely on them as statement of fact or representations, and must satisfy themselves as to their accuracy. III. Rents, prices, premiums and service charge quoted in these particulars may be subject to VAT in addition and IV. Prideview will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. To read the terms and conditions for all of our services, visit www.prideviewproperties.co.uk/terms-and-conditions

PROPOSALOffers invited in the region of £900,000 which equates to a gross yield of 6.3%, subject to contract and exclusive of VAT

INFORMATIONFor further information or to arrange a viewing please contact The Prideview Group:

Priyesh Patel T: 0203 146 1342M: 07892 431 982E: psp@prideviewproperties.co.uk

Vishal Patel T: 0203 113 2141M: 07947 791 689E: vishal@prideviewproperties.co.uk

The Prideview GroupSuite 4, Fountain House, Church RoadStanmore, Middlesex HA7 4AL

T: +44 (0) 208 954 0878W: propertyinvestmentlondon.com

The Prideview GroupWWW.PROPERTYINVESTMENTLONDON.COM

Design: GRM - 07854 131 147