Tenure: Development Opportunity, For Sale Freehold
Size: 0.71 Acres
Location: Depot Road, TW3 1SN
Uplifts to the London Borough of Hounslow
• Open storage investment extending to 0.71 acres let to the London Borough of Hounslow for vehicle parking with adjacent 0.16 acres development site
• Strategically located within 0.7 miles of Hounslow High Street and Hounslow East with easy access to the M25 and Heathrow Airport
• Unexpired lease term of approximately 24.60 years subject to 5 yearly uncapped RPI uplifts.
We are instructed to seek offers in excess of £1,988,000 (One Million, Nine Hundred and Eighty Eight Thousand Pounds), subject to contract, for the Freehold Interest. A purchase at this level reflects a Net Initial Yield of 4.00%, subject to purchasers costs of 6.28%.