High Yielding, Multi-Let, Mixed Use Investment Opportunity Let Producing £80,500 per annum with 2 Floors Vacant Permitted Development Potential (stp)
The property comprises a multi let, mixed use, investment opportunity occupying a prominent central position in Staines. Arranged across basement, ground and two upper floors, the property is let to three tenants with a weighted average unexpired lease term (WAULT) of 3.52 years to expiry and producing a total aggregate rent of £80,500 per annum. The property benefits from a strong tenant mix, with the ground floor let to Chancellors Estate Agents and two suites to the upper parts let to two separate recruitment agencies. The property includes six dedicated parking spaces which are currently allocated to the occupational tenants. The property also offers immediate asset management opportunity via the letting of the vacant suites combined with longer term development/conversion potential (subject to obtaining the requisite consents). The property sits with a prominent frontage to Market Square and Clarence Street and forms part of the principal commercial area within Staines. The pedestrianised High Street is immediately to the east and the principal river crossing for both vehicles and pedestrians is to the west.