From
£600,000
Property for saleLondon Road, Twickenham TW1
Auction
About this property
Freehold Mixed Use Investment
Ground Floor and Basement Restaurant with Residential Upper Parts
Fully Let - Producing £50,020 per annum
Asset Management Potential - erv £55,000 per annum
Development/Conversion Potential (stp)
Investment Let at £50,020 p.a. (8.3% giy on Guide Price)
Erv Reflects 9.3% giy on Guide Price
Strapline
Auction Sale - 08/10/2024
Freehold Mixed Use Investment On Popular Twickenham Street
Fully Let to Two Tenants Producing a Combined £50,020 per annum
Description
The property comprises a freehold mixed-use investment opportunity forming part of a popular retail parade in Twickenham.
Arranged across basement, ground and two upper floors, the property comprises a retail unit/restaurant to the basement and ground floors, whilst the upper parts comprise a single three bedroom maisonette accessed from London Road.
The property is fully let on two separate tenancies, with the ground floor and basement let to a private individual trading as Somjuk Thai Cafe on a lease expiring 24/03/2030 and producing £19,000 per annum. The upper parts are let on a new, 24 month, AST to a private individual producing £31,020 per annum (£2,585 pcm).
The property provides immediate asset management potential via the outstanding rent review for the retail space, with comparable evidence suggesting the rental value may be in the order of £25,000 per annum.
The property may also offer potential to convert the upper parts to provide two units (subject to the existing tenancy and any requisite consents).
London Road is one of the principal arterial routes and retail streets in Twickenham, linking the train station with the prime pedestrianised Church Street and the banks of the Thames, which is popular with tourists and locals alike.
Tenancy
Please see the below tenancy schedule and legal pack for further information.
Auction Sale - 08/10/2024
Freehold Mixed Use Investment On Popular Twickenham Street
Fully Let to Two Tenants Producing a Combined £50,020 per annum
Description
The property comprises a freehold mixed-use investment opportunity forming part of a popular retail parade in Twickenham.
Arranged across basement, ground and two upper floors, the property comprises a retail unit/restaurant to the basement and ground floors, whilst the upper parts comprise a single three bedroom maisonette accessed from London Road.
The property is fully let on two separate tenancies, with the ground floor and basement let to a private individual trading as Somjuk Thai Cafe on a lease expiring 24/03/2030 and producing £19,000 per annum. The upper parts are let on a new, 24 month, AST to a private individual producing £31,020 per annum (£2,585 pcm).
The property provides immediate asset management potential via the outstanding rent review for the retail space, with comparable evidence suggesting the rental value may be in the order of £25,000 per annum.
The property may also offer potential to convert the upper parts to provide two units (subject to the existing tenancy and any requisite consents).
London Road is one of the principal arterial routes and retail streets in Twickenham, linking the train station with the prime pedestrianised Church Street and the banks of the Thames, which is popular with tourists and locals alike.
Tenancy
Please see the below tenancy schedule and legal pack for further information.
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