Summary - 43, ALCOMBE ROAD TA24 6BB
1 bed 1 bath Commercial Property
Long-lease, income-producing shop in a busy Alcombe parade — immediate return for investors..
- Double-fronted shop with return frontage, prominent Alcombe Road position
- Ground floor retail 594 sq ft plus 63 sq ft kitchen
- Let from 1 Dec 2024 for seven years, passing rent £7,200 pa
- 999-year lease remainder with one-third share of freehold
- Upper parts held on separate long leases, not included in income
- Rateable value £5,200; VAT not charged by seller (buyer to verify)
- Small plot and average shop size limit expansion potential
- No flood risk; mains electricity, water, gas and drainage connected
A compact, double-fronted retail investment on Alcombe Road, presented with a long lease and a third share of the freehold. The ground-floor shop extends to 594 sq ft with valuable return frontage and large display windows, currently let to a flooring retailer. The property benefits from mains services, fast broadband and a busy parade location that attracts steady pedestrian and vehicular traffic.
This is an income-led purchase: the current passing rent is £7,200 per annum under a seven-year lease starting 1 December 2024. The lease has 999 years remaining and the vendor retains a third share of the freehold, giving the buyer long-term security and control over the asset’s future. Upper parts are separately let on long leases and are not included in the ground-floor income.
Considerations for buyers: the passing rent is modest relative to location and the small plot and average shop size limit expansion potential. Rateable value is listed at £5,200; VAT has not been charged by the seller (purchasers should check HMRC). The busy parade and local services support retail demand, but the surrounding demographic is an ageing rural workforce, which could influence tenant mix and turnover.
Suited to investors seeking a low-management, long-lease retail asset in a prominent parade, this unit offers immediate income, characterful Edwardian frontage and straightforward utilities. Buyers seeking redevelopment or large-scale rental uplift should factor in the small footprint and existing tenancy when modelling returns.
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