Investment Consideration: Gross Initial Yield: 6.13% Rental Income: £98,000 p.a. VAT is NOT applicable to this property SPV can be purchased to minimize stamp duty Comprises portfolio of freehold takeaway with studio flat at ground floor, 3 self-contained residential flats on upper floors and a separate leasehold 2-bedroom flat situated 1.2 miles away (5 min drive) Situated within short walk from Isleworth Train Station and Hounslow High Street Property Description: Portfolio investment comprising freehold takeaway and studio with 3 self-contained flats above and additional leasehold 2-bed flat, providing the following accommodation and dimensions: No. 546 London Road Ground Floor Takeaway: 83 sq m (893 sq ft) Rear Ground Floor Studio Flat: 27 sq m (290 sq ft) First Floor Flat A (1-bed): 30 sq m (323 sq ft) Flat B (2-bed): 64 sq m (688 sq ft) Second Floor: Flat C (2-bed): 64 sq m (688 sq ft) No. 274 Worton Road Flat 4 (2-bed): 76 sq m (818 sq ft) Total Residential Area: 261 sq m (2,807 sq ft) Total Commercial Area: 83 sq m (893 sq ft) Tenancy: No. 546 London Road Ground Floor Takeaway and Rear Ground Floor Studio Flat are at present let to an Individual for a term of 10 years from 1st August 2018 at a current rent of £32,000 p.a. and the lease contains full repairing and insuring covenants. Mutual option to determine at any time from 2027 with min 6 months’ notice. Flat A is at present let on AST to an Individual for a term of 12 Months from 15th December 2023 at a current rent of £16,800 p.a. Deposit held of £1,400. Flat B is at present let on AST to an Individual for a term of 12 Months from 23rd November 2023 at a current rent of £16,200 p.a. Deposit held of £1,350. Flat C is at present let on AST to an Individual for a term of 12 Months from 1st August 2023 at a current rent of £12,000 p.a. Deposit held of £900. No. 274 Worton Road Flat 4 is at present let on AST to an Individual for a term of 12 Months from 25th May 2024 at a current rent of £21,000 p.a. Deposit held of £1,750. Tenure: No. 546 London Road - Freehold Flat 4, No. 274 Worton Road - Leasehold. Held on a 125 Year lease from 1st December 2013 at peppercorn ground rent. Location: Situated within short walk from Isleworth Train station and Thornbury Road bus stop just 0.05km away. Nearby amenities include Costcutter, M&S Simply Food, Tesco Express, and Sainsburys, ensuring that daily essentials are within easy reach. Additionally, a variety of dining options are available, with Roosters and Chicken Valley just steps away, providing an array of culinary choices for residents. The property is also surrounded by educational institutions, with Spring Grove Primary School, Ashton House School, and Isleworth & Syon School all within 1km distance, offering quality education for families with children. Further, West Thames College, Brunel University Sports & Dance Injury Clinic, and Chalk n Duster are among the popular higher education options located nearby, making it an ideal location for students and academics.
