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Agent's details

London TW1 - Long Leasehold Retail Investment

For sale: £256,000.00|377 Sq Ft|Retail, Land, General Retail, Retail - High Street, Commercial Land

Property details

FOR SALE£256,000.00
SIZE377 Sq Ft
ADDRESS154 Heath Road, Twickenham, Greater London, TW1 4BN
TYPERetail, Land, General Retail, Retail - High Street, Commercial Land
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON5th March 2024

Description

Investment Consideration:
Gross Initial Yield: 7.03%
Rental Income: £18,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop t/a bubble tea shop
Occupiers close by include Tesco Express, Medivet, Barbers, Café, Restaurants and many more.

Property Description:
Comprises ground floor mid-terrace shop, providing the following accommodation and dimensions:
Ground Floor: 35 sq m (377 sq ft)
Open plan retail, kitchenette, WC

Tenancy:
The property is at present let to Individual for a term of 10 years from 8th November 2023 at a current rent of £18,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 08.11.28 linked to RPI. Tenant option to determine on 08.11.28 with min 6 months notice. Deposit held of £4,500. Lease within Landlord & Tenant Act 1954

Tenure:
Long Leasehold. Held on a 125 Year lease from 25th December 2003 at a ground rent of £400 p.a.. Reversion 2128.

Location:
The property is situated on the North side of Heath Road, within short walk to Twickenham Train Station. Occupiers close by include Tesco Express, Medivet, Barbers, Café, Restaurants, Pure Gym and many more.

Location

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Location: 154 Heath Road, Twickenham, Greater London, TW1 4BN

Richmond (2.0 miles)

Hounslow East (2.1 miles)

Hounslow Central (2.1 miles)

Twickenham (0.4 miles)

Strawberry Hill (0.5 miles)

Whitton (0.9 miles)

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