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Long Let Investment with Uncapped RPI

Depot Road, TW3 1SN
For Sale£1,988,000.00
Property type: Land, Commercial Land
Tenure: Development Opportunity, For Sale Freehold
Size: 0.71 Acres
Price: £1,988,000.00
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%.
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