50, 52 & 54 High StreetStaines-upon-thames

The property comprises a highly sought-after prime retail investment opportunity situated in the heart of Staines. Arranged as three retail units, the property is fully let to three tenants, producing a total annual rent of £105,410 per annum. All the leases include fixed rental uplifts and the investment as a whole boasts a Weighted Average Unexpired Lease Term (WAULT) of 5.9 Years to expiry. No. 50 is let to Safa Associates Limited (t/a Subway) on a lease expiring 12/06/2032 and paying £35,000 per annum. The lease includes annual fixed uplifts, with the next uplift due prior to completion of the sale (13/07/2024). No. 52 currently comprises two retail units, but is let on a single lease to private individuals, we understand the current tenant has split and sublet the unit. The current lease is for a term of years expiring 11/10/2030 and paying £28,410. The lease includes three yearly rental uplifts equivalent to 3% per annum compounded with the next review due 12/10/2026. No. 54 is let to Ryman Limited on a lease expiring 29/03/2028 and paying £42,000 per annum. The lease includes fixed uplifts with the next due 29/03/2025. The property occupies a prime pitch in the centre of the pedestrianised High Street, the property sits between two popular side streets and opposite the North Mall, nearby occupiers include Iceland, McDonalds, Caffe Nero and Waterstones.