51 Staines Road West, Sunbury-on-Thames, TW16 7AH
7,309 Sq Ft / Offices
For Sale
- £1,415,000.00
Under Offer - Last updated: 18 June 2024
Summary
The 3-storey office block is let to a single tenant, Watkins Payne Building Services, on a 10-year straight inside the act lease from 25th March 2023 with a 5th year rent review. The property benefits from lift access, 11 parking spaces in the private rear yard, kitchens and W.Cs.
The investment achieves a Net Initial Yield of 8.5%.
Please note that the tenant has the contractual benefit of one quarters rent free following the completion of building upgrades. This benefit has not yet been granted but we understand that the building upgrades will be completed soon and so the rent concession may come into effect soon.
Key Points
3-storey Freehold Office InvestmentFRI lease to Watkins Payne Limited with Expiry March 2033Passing Rent £127,500 per annumNet Initial Yield 8.5%11 Car Parking Spaces
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Legal Costs/VAT
Each party to be responsible for the payment of their own legal costs incurred in the sale. Prices are quoted exclusive of VAT which may be charged.
Location
The offices are situated on the busy a308 which runs from Staines to Hampton, and is circa 0.1 miles from the M3 junction with M25 lying a further circa 5.1 miles to the west.
Sunbury railway station is approximately 0.3 miles distant from the property, being a 6-minute walk, and provides direct services to London Waterloo, with a journey time of approximately 48 minutes.Terms
Sale of the freehold with offers in excess of £1,415,000.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,415,000.00
| NA |
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