Net internal area:
928.81 sq.m. 9997 sq.ft.
The property comprises a 1980s built mixed use investment property arranged over basement, ground, first and second floor levels.
The building has an approximate gross internal floor area of 1,144.23 square metres (12,316 square feet) excluding the basement level. The basement level has been sold off on a 999 year long lease at a peppercorn ground rent.
The ground and first floors are split to form no.21 and no.23 High Street, which are let individually on fully repairing and insuring leases and generate a combined annual rent of £52,000. No.21 currently operates as a restaurant and no.23 as a retailer of school uniforms. Copies of the leases are available to download from our website.
The second floor (no.19) comprises a predominantly open plan office which is vacant. The offices have suspended ceilings, recessed lighting & air conditioning and also benefit from private kitchen, WC facilities and its own entrance on the High Street.
Apart from the development potential that could be realised by exploring possible reconfiguration of the existing space and alternative uses, the property also has potential to create additional upper floors, subject to obtaining the relevant permissions.
Terms: Freehold for sale with vacant possession of 19 High Street (second floor) and subject to the following leases, which are available to download from our website:
Premises off High Street, Staines (basement level) - Let to Royal Life Insurance Limited (now A2Dominion South Limited) on a 999 year long lease dated 16th April 1986 at a peppercorn rent.
21 High Street – Let to Carnivorous Restaurants Limited, Inderjeet Singh Barmi and Jignesh Brahmbhatt.
23 High Street – Let to Direct School Uniform LLP.
Please note that the seller is willing to structure the transaction so that separate long leases in respect of: i) the ground and first floor retail investment, ii) the vacant offices at second floor & iii) the airspace can be acquired simultaneously with the Freehold interest. The buyer is to undertake to pay the Seller’s additional legal expenses in respect of structuring the transaction in this way.