Guide price
£1,100,000
(£960.70/sq. ft)
Land for saleYork Street, Twickenham TW1
2,679 sq. ft
About this property
Located Within The Heart Of Twickenham Town Centre
Unbroken Freehold
Mixed-Use Investment Opportunity
Commercial/Retail Unit
2 Self-Contained Residential Flats
Estimated Rental Value £68,400 per annum
Dexters are delighted to introduce a mixed-used investment opportunity, located in the heart of Twickenham, Greater London TW1.
The sale is for the unbroken freehold title featuring a commercial/retail unit plus two self-contained residential flats.
The commercial/retail unit occupies the ground floor and lower ground floor and features an entrance area, open retail space, office, shower room, separate WC and basement storage with a kitchen area. Total area of approximately 106.4 sq.m (1,145 sq.ft.). Although currently vacant the vendor has agreed terms with a new commercial tenant, with an agreed Gross Rental Income of £28,000 per annum, with rent views every three-years within the contract.
Flat A is a three-bedroom split level self-contained flat located on the second and third floor.
The property features an entrance hallway, open plan kitchen/living room, three bedrooms, a bathroom and a separate shower-room. Total area of approximately 86.9 sq.m (935 sq.ft.)
The property is currently let on an Assured Shorthold Tenancy achieving £23,400 per annum, in our view the property could benefit from a light refurbishment increasing the potential rental value to £25,200 per annum.
Flat B is a one-bedroom self-contained flat located on the first floor.
The property is well presented and features and entrance hallway, kitchen area, living room, bedroom and bathroom. Total area of approximately 55.6 sq.m. (598 sq.ft.) The property is currently let on an Assured Shorthold Tenancy achieving £16,200 per annum.
The property will be sold with the tenants in situ.
Combined Total Area (approx.): 248.9 sq.m (2,679 sq.ft.)
Income
Combined Current Rental Income £67,600 per annum. (Yield 6.15% at the Marketing Guide Price)*
Potential Estimated Rental Value £68,400 per annum (Yield 6.22% at the Marketing Guide Price)
Tenure - the sale is for the unbroken freehold, hm Land Registry Title Number SGL62012.
The sale is for the unbroken freehold title featuring a commercial/retail unit plus two self-contained residential flats.
The commercial/retail unit occupies the ground floor and lower ground floor and features an entrance area, open retail space, office, shower room, separate WC and basement storage with a kitchen area. Total area of approximately 106.4 sq.m (1,145 sq.ft.). Although currently vacant the vendor has agreed terms with a new commercial tenant, with an agreed Gross Rental Income of £28,000 per annum, with rent views every three-years within the contract.
Flat A is a three-bedroom split level self-contained flat located on the second and third floor.
The property features an entrance hallway, open plan kitchen/living room, three bedrooms, a bathroom and a separate shower-room. Total area of approximately 86.9 sq.m (935 sq.ft.)
The property is currently let on an Assured Shorthold Tenancy achieving £23,400 per annum, in our view the property could benefit from a light refurbishment increasing the potential rental value to £25,200 per annum.
Flat B is a one-bedroom self-contained flat located on the first floor.
The property is well presented and features and entrance hallway, kitchen area, living room, bedroom and bathroom. Total area of approximately 55.6 sq.m. (598 sq.ft.) The property is currently let on an Assured Shorthold Tenancy achieving £16,200 per annum.
The property will be sold with the tenants in situ.
Combined Total Area (approx.): 248.9 sq.m (2,679 sq.ft.)
Income
Combined Current Rental Income £67,600 per annum. (Yield 6.15% at the Marketing Guide Price)*
Potential Estimated Rental Value £68,400 per annum (Yield 6.22% at the Marketing Guide Price)
Tenure - the sale is for the unbroken freehold, hm Land Registry Title Number SGL62012.
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