18-20 High Street, Walton On Thames KT12 1DA | Property for sale | Savills
Guide price £975,000($1,288,251)

18-20 High StreetWalton On Thames KT12 1DA

  • New
  • Sole agency
  • Freehold
Investment
Yield 9%Yield

Key features

  • Freehold retail investment in a prime High Street position
  • Let to 3 national operators with a current passing rent of £86,500 pa
  • Caffe Nero holding over- Lease of GF extension of unit to release upper floors- development
  • Planning permission for conversion of of No 18 to provide 2 flats
  • Timpson's recently renewed their lease
  • 8.8% Gross Initial Yield at Guide

Let to 3 national operators with a current passing rent of £86,500 pa. Planning permission for conversion and extension of No 18 to provide two bedroom flats.

About this property

Local information

  • Walton on Thames is an attractive town on the southern bank of the River Thames, Located circa 18 miles south west of London and 2.5 mile east of Weybridge.
  • Situated in a prime High Street location.
  • Other nearby occupiers include Specsavers, McDonalds, Vodafone, Halifax Bank, Boots and Toni & Guy, together with a broad range of local independent retailers and restaurants.

Additional information

  • Planning permission has been granted by Elmbridge Council on 10th February 2022 (ref 2021/4262) and 2nd July 2024 (ref 2024/0545) for the conversion and extension to the ground floor rear, and upper floors of number 18. Copies of plans are available on the Local Authorities website.
  • This will require the release of the upper floors by Caffe Nero (which has been agreed). The ground floor unit would then be extended and the upper floors converted to create x 2 self-contained flats, as per the approved plans.
  • An Agreement to Lease is in place with Caffé Nero which can be executed by the new owner should they chose to do so. Interested parties should refer to the legal pack for further information.
  • It is considered there is further potential for comprehensive redevelopment in line with the planning consent on the neighbouring property for a new 5 storey building.