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Investment Summary
• Staines is a well located town, situated 27 km
(15 miles) west of Central London in close
proximity to Junction 13 of the M25
Motorway.
• The property forms part of a popular
neighbourhood shopping parade within a
predominantly residential area.
• The property comprises two retail units and
two large residential flats above.
• Freehold.
• Subject to two overriding commercial leases.
• Current rent passing of £35,150 per annum.
• Significant asset management opportunities
to regear the retail occupational leases and
individual disposals of the residential upper
parts.
Location
Staines is located within the County of Middlesex,
situated 27 km (17 miles) west of Central London, 5 km
(3 miles) south of Heathrow Airport and 18 km (11 miles)
south east of Slough.
The town benefits from excellent road communications,
being situated 2.6 km (1.6 miles) from Junction 13 of the
M25 Motorway, providing easy access to both the M4
and M3 corridors to the north and south respectively.
The town is ideally situated on the London Waterloo
to Reading Railway line, with a journey time of
approximately 35 minutes to London, with trains
operating every 10 minutes during peak periods.
Staines has a resident population of over 50,000 people,
with approximately 385,000 people living with a 10 km
(6 miles) catchment.
Situation
The property is situated in a prominent position fronting
Kingston Road at its junction with Worple Road, located
south-east of the town centre, a short distance from the
Mainline Railway Station.
The property forms part of a popular neighbourhood
retailing parade with adjoining occupiers including
Subway, Coral, Broadway Pharmacy and a new local
supermarket to be opened shortly.
Description
The property comprises two prominent retail units with
residential accommodation above, forming part of a
larger neighbourhood retail parade.
Unit 13, which is currently trading as a hair salon and
benefits from a return frontage along Worple Road,
whilst Unit 12, which is currently trading as a take-away
restaurant and also benefits from a prominent frontage.
Each retail unit provides a good open plan retailing area
to the front, with ancillary space to the rear.
The residential upper parts are accessed via their own
individual entrances to the rear of the parade via Worple
Road. The flats provide well configured living space,
providing reception room, kitchen, four double bedrooms,
bathroom and separate WC. Unit 13A occupies the first
floor, with 12A occupying the second floor.
Externally, each of the retail units benefit from a
self-enclosed yard area, with Unit 12 having extended
their accommodation over this space.
Accommodation
The property provides a total of 289.41 sq m (3,115 sq ft)
of accommodation over ground and two upper floors.
A breakdown of individual floor areas can be found in the
Tenancy Schedule.
• We are instructed to seek offers in excess of
£425,000 (Four Hundred and Twenty Five
Thousand Pounds) subject to contract and
exclusive of VAT.
• A purchase at this level reflects a Net Initial
Yield of 7.90%, after allowing for purchaser’s
costs of 4.75%
12-13 The Broadway, Kingston Road, Staines, Middlesex TW18 1AT