139 High Street

Staines-upon-Thames, TW18 4PA

1,373 sq ft

Strong town centre tenanted freehold investment premises with medium term asset management potential

Summary

High Street position
Popular restaurant / takeaway use
Long established trading pitch

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Ground - Restaurant	840	78.04	Available
Ground - Kitchen	308	28.61	Available
Ground - Store	225	20.90	Available
Total	1,373	127.55

139 High Street - 8c0354b823ad412ab18ecc61adc96d6d.jpg

Location

The High Street location is within easy walking distance of the station and amongst the many shops and restaurants that make Staines-upon-Thames a dynamic hub. The newest entrant is the local Co-Op store opposite and the oldest established retailer, Lewis & Sons furniture store, is a few doors away. This section of the High Street is the main traffic route from the A30 Crooked Billet gateway entrance to the town, through the centre which is seeing major redevelopment and completion of the new nine storey London Square apartment complex and 14 storey Eden Grove. Further large scale residential conversion and development has also taken place in Fairfield Avenue, a few hundred yards away, highlighting the popularity of this location.

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Mainline Stations

Staines

5 mins
Ashford (Surrey)

33 mins
Egham

33 mins
Wraysbury

42 mins

Underground Station

Heathrow Terminal 5

49 mins
Heathrow Terminal 4

60 mins
Heathrow Terminals 1 2 3

67 mins
Hatton Cross

82 mins

Further Information

Price Offers in the region of £448,000

Rates Payable Upon Enquiry

EPC Rating This property has been graded as B (48)

Description

Trading as a Korean style restaurant, the main restaurant area has approximately 34 covers plus a private dining area. A kitchen and prep room is situated to the rear and beyond this, a store. The property is single storey.

Terms

The freehold is offered for sale, with offers invited in the region of £448,000, subject to contract and financial status. VAT is not applicable.

The property is let on A 15 year lease from 24th June 2014, expiring 15th June 2029 at a current passing rent of £28,000 p.a.x. The next rent review is 24th June 2024 and the last day of the term. The use is Licensed Restaurant and or Takeaway and / or Wine Bar. A rent deposit of £14,000 is held. The tenant is to maintain the property in good and substantial repair subject to a prior lease, in 2002. The tenant is JSY Food Ltd subject to guarantor.