Investment
New instruction
FOR SALE - UNBROKEN FREEHOLD INVESTMENT
- UNBROKEN FREEHOLD INVESTMENT
- TWO LOCK UP SHOPS AND TWO FLATS
Unbroken Freehold mixed use investment comprising two retail units and two flats.
Location
The property is located on Staines Road (A305), Twickenham, close to the junction of The Meadway and in close proximity to Twickenham Green. Twickenham town centre is approximately 1 mile away along with Twickenham railway station. Strawberry Hill station is also just under a mile away.
The property is set amongst a number of other independent businesses including, cafes, convenience stores and hairdressers.
Accommodation
RETAIL STORES
No 38 49.9 m2 (537.12 sq. ft)
No 38a 79.0 m2 (850.89 sq. ft)
RESIDENTIAL FLATS
No 38b 86 m2 (925 sq. ft)
No 38c 99 m2 (1,065 sq. ft)
Rates
2017 Rateable Values
• 38a Rateable Value: £11,750
• 38 Rateable Value: £10,250
2023 Rateable Values
• 38a Rateable Value: £11, 250
• 38 Rateable Value: £9,900
For confirmation of rates payable, please contact the business rates department of The London Borough of Richmond upon Thames.
Terms
Offers in the region of £1,100,000
Lease
Freehold subject to the Assured Shorthold Tenancies of the residential upper floors at separate rents of £16,800 pa (38b) and £19,200 pa (38c).
INCOME
Retail Units:
Unit 38 - £13,500 per annum
Unit 38a - £15,540 per annum
Assured Shorthold Tenancies of the residential upper floors at following rents:
38c - £16,800 per annum
38d - £19,200 per annum
Annual rental income of £65,040. Reflecting a blended gross yield of 5.9%.