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AGENT'S DETAILS


21/23 York Street & Flats 1-5, 31 Garfield Road

For sale: £1,100,000.00|4162 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,100,000.00
SIZE4162 Sq Ft
ADDRESS21/23 York Street & Flats 1-5, 31 Garfield Road, Twickenham, TW1 3JZ
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON11th April 2020

DESCRIPTION

Key Points

  • Prominent corner position in an established restaurant location
  • Approximately 500 metres from Twickenham railway station
  • No VAT applicable
  • Rent reviews from May 2019
  • Total current rents reserved £63,000 pa
  • Comprising two shops, one let to Pizza Express
  • Summary

    Freehold shop investment

    Description

    This substantial corner property is arranged on basement, ground and two upper floors to provide two ground floor shop units, both benefitting from ancillary staff and accommodation at basement level.  Please note the basement of No. 23 runs under the basement of No. 21.  The upper floors comprise five flats that have been sold off on long leases and will be retained by the freeholder who will receive the ground rents. Accommodation No.21 |   |   Gross Frontage | 6.05m | (19'10") Net Frontage | 5.50m | (18'0") Built Depth | 16.55m | (54'4") Basement | 40 sq.m. | (432 sq.ft.) Ground Floor | 131 sq.m. | (1,407 sq.ft.) No. 23 |   |   Gross Frontage | 6.05m | (19'10") Net Frontage | 5.50m | (18'0") Built Depth | 17.15m | (56'3") Basement | 140 sq.m. | (1,508 sq.ft.) Ground Floor | 76 sq.m. | (815 sq.ft.) Lease Terms No. 21 let to Pizza Express (Restaurants) Limited for 15 years from 30.05.2014.  Rent £33,000 per annum.  Rent review May 2019. There is a tenant break option on 29 May 2025. No. 23 let to Woven & Wood Limited for 10 years from 17.08.2015.  Rent £30,000 per annum.  Rent review August 2020. A new headlease has been granted over Flats 1 to 5, 31 Garfield Road for a term of 126 years from 6 October 2016, which the freeholder will retain.    

    Location

    Twickenham is located in the popular and affluent London Borough of Richmond, some 10 miles west of Central London. The area benefits from excellent communications via the A316, which links directly with the M3 motorway 2 miles to the west. The M4, M25 and M40 motorways are also easily accessible. Heathrow Airport is some 6 miles to the east and Twickenham railway station provides regular services to London Waterloo. Twickenham itself benefits from Twickenham Rugby Stadium, the home of English rugby, which shows major sporting events such as international rugby union and rugby union club games. The property is located on the north side of York Street, at its junction with Garfield Road. Twickenham railway station (Zone 5) is some 500 metres to the north. Occupiers close by include Zizzi, HSBC, Barclays, Greggs, Caffe Nero, Betfred and Specsavers, amongst many others.

    LOCATION

    Location: 21/23 York Street & Flats 1-5, 31 Garfield Road, Twickenham, TW1 3JZ

    Richmond (1.6 miles)

    Hounslow East (2.2 miles)

    Hounslow Central (2.3 miles)

    Twickenham (0.1 miles)

    St Margarets (0.6 miles)

    St Margarets (Gr London) (0.6 miles)

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